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Orban’s Political High-Wire Act Pushes Hungary to the Brink

  • Plunging forint and fragile finances threaten Orban’s project
  • Former central bank chief says Hungary needs credibility
Viktor Orban, Hungary's prime minister.

Viktor Orban, Hungary's prime minister.

Photographer: Dylan Hollingsworth/Bloomberg

As European Union heads of government gather to discuss the war in Ukraine, energy security and the economy, one increasingly desperate leader will have his own agenda again. 

Hungarian Prime Minister Viktor Orban has been in open conflict with the rest of the bloc after trying to derail sanctions against Russia, the latest episode in a protracted standoff between Budapest and Brussels over how he runs his country. Last month, the European Parliament said Hungary could no longer be considered a full democracy.