Orban Nationalism May Isolate Hungary in EU, Schwarzenberg Says

Prime Minister Viktor Orban’s “nationalism” risks isolating Hungary in the European Union, Czech Foreign Minister Karel Schwarzenberg told the Figyelo newspaper.

Schwarzenberg said he’s concerned Hungary may “leave European Union mainstream politics when it comes to the constitution, central bank regulation and the treatment of foreign banks and investors,” according to a transcript of an interview to be published tomorrow in the Budapest-based weekly newspaper. “Hungary is treading its own path. But I’m concerned it will isolate itself.”

Hungary is the only member of the union where “nationalism is the main thrust of government policy, the only place where this enjoys a two-thirds parliamentary backing,” Schwarzenberg said, according to the e-mailed transcript.

To contact the reporter on this story: Zoltan Simon in Budapest at zsimon@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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