Hungary election: Viktor Orban LOSES power after 16 years, what it means for Putin, Trump and Europe

Hungarians were waking up to a political earthquake on Monday, after a landslide ​victory for the centre-right opposition reverberated everywhere from ​Washington to Kyiv, sending local markets surging and turning Budapest into a party zone. The ballot's ​implications stretched far beyond the borders of the landlocked country of under 10 million people, as outgoing nationalist Prime Minister Viktor Orban was a key ally of both U.S. President Donald Trump and Russia's Vladimir Putin, and had frustrated European efforts to aid war-torn Ukraine. Supporters of election winner Peter Magyar's Tisza party hope ⁠he can ⁠unblock billions in European Union funds frozen over concerns about democratic standards, bolster the rule of law and hold those they accuse of wrongdoing under the previous government ​to account thanks to his two-thirds supermajority.