Host: Hungary wakes up to a new political era — and so does the European Council. Péter Magyar's landslide over Viktor Orbán is already sending signals on Ukraine aid, Russian energy, and the end of Budapest's veto diplomacy. Plus: the EU doubles steel tariffs to fifty per cent, a US naval blockade of Iran threatens another energy-price shock, and a deadly Swiss bar fire raises hard questions about safety in Europe's ski resorts. This is Europa Daily.
Host: We begin in Budapest, where Péter Magyar's landslide victory over Viktor Orbán in Sunday's legislative elections marks what France 24 calls a seismic shift — not just for Hungary, but for the European Union as a whole. After sixteen years of Orbán's rule, the opposition has taken power, and hopes are rising in Brussels that Budapest may finally abandon the obstructionist course that has defined its European diplomacy for years.
Magyar wasted no time. At his first press conference after the win, he addressed the question everyone in European capitals was asking: what happens with Russia and Ukraine? On Vladimir Putin, Magyar struck a careful but unmistakable tone. Quote: "If Vladimir Putin calls, I'll pick up the phone. If we did talk, I could tell him that it would be nice to end the killing after four years and end the war." He added, with notable realism: "It would probably be a short phone conversation and I don't think he would end the war on my advice." He said he would talk to the Russian president but would not initiate contact.
On energy, Magyar said he plans to review Hungary's Russian energy contracts and renegotiate them if needed — a direct departure from Orbán, who had deepened Hungary's dependence on Russian oil and gas even as the rest of the continent moved to cut ties.
The immediate consequence that matters most to Kyiv: Ukraine welcomed the defeat of Orbán with relief, because it paves the way for a ninety-billion-euro loan that Ukraine urgently needs to fund the war with Russia. Orbán's Hungary had been the most persistent obstacle to collective EU action on Ukraine — blocking or delaying aid packages, sanctions enforcement, and rule-of-law mechanisms. A cooperative Budapest changes the arithmetic in the European Council overnight.
Correspondent: Brussels is cautiously optimistic but not uncritical. France 24 reports that the EU may need to temper its enthusiasm — on the rule of law, migration, and LGBTQ rights, the road ahead is, in their words, neither straight nor guaranteed. Lukáš Macek, director of the Greater Europe project at the Jacques Delors Centre, told France 24 that on Ukraine specifically, the new Hungarian government is likely to stop obstructing aid and will be — and this is his phrase — "a tough partner, but a partner nonetheless" on the question of Ukrainian accession to the EU. That distinction matters. Magyar is not signalling a wholesale adoption of Brussels' positions. But the shift from outright obstruction to difficult partnership is significant for Council dynamics — particularly on foreign policy, where unanimity is required and a single veto can paralyse the entire bloc. DW reports that hopes are rising in Brussels that Budapest may abandon its obstructionist course, though the details of what Magyar will actually deliver remain to be tested at the next Council summit.
Host: It's worth underlining what was at stake. For four years, Hungary under Orbán was the most visible internal challenge to EU cohesion on foreign policy. The ninety-billion-euro Ukraine loan, enlargement talks with Kyiv, sanctions enforcement — all of these ran through Budapest's veto. The removal of that obstacle doesn't resolve every disagreement in the European Council, but it does change the political landscape fundamentally. We'll be watching closely for Magyar's first moves in Brussels.
Host: Turning to trade. EU lawmakers and member states have agreed to double tariffs on foreign steel to fifty per cent — the sharpest protectionist move in the bloc's recent trade history. The deal also slashes duty-free import volumes by forty-seven per cent, a dramatic tightening aimed squarely at curbing the surge of cheap Chinese steel flooding European ports.
The decision came with a blunt warning from EU trade chief Maroš Šefčovič, who said global overcapacity threatens Europe's industrial strength. That overcapacity is not abstract — it's measured in tonnes of Chinese steel that have been redirected towards European markets, in part because US tariffs have already closed off the American route.
For steelmakers from northern France and the Ruhr valley to Košice in Slovakia and Taranto in Italy, this is the protection they've been demanding. But for downstream manufacturers — in automotive, construction, shipbuilding — higher steel input costs are now a reality they'll need to absorb or pass on.
Brussels is now running its own tariff wall on steel whilst navigating a broader trade confrontation with Beijing that spans electric vehicles, subsidies, and market access. The fifty per cent tariff sends a clear signal about where the bloc's priorities lie — but the internal tensions between steel-producing and steel-consuming industries are far from resolved.
Host: Now to the Middle East, where the US blockade of ships using Iranian ports in the Gulf has come into effect — turning the six-week-old conflict between the US-Israeli coalition and Iran into what the Guardian calls a test of economic endurance.
US Central Command made no formal announcement of the start of the blockade but had said it would begin on Monday at half past five in the afternoon, Iranian time. It applies to any ships entering or departing Iranian ports or coastal areas, whilst ships using non-Iranian ports would not be impeded.
Iran has already warned Americans they face higher pump prices as a result. And the ripple effects are reaching well beyond the Gulf. Ukraine's central bank governor, Andriy Pyshnyi, said that higher oil prices caused by the war in the Middle East could raise inflation rates in Ukraine by one-and-a-half to two-point-eight percentage points. Pyshnyi said the central bank would stick to its target of lowering inflation to five per cent in three years, using all available tools — but acknowledged the difficulty. Quote: "We're trying to walk on a razorblade."
For Europe more broadly, the blockade arrives at a moment when energy costs were finally easing after years of post-invasion disruption. A sustained rise in global oil prices would complicate the inflation picture for the European Central Bank and the Bank of England alike, and hit hardest in southern and eastern European economies where energy costs consume a larger share of household budgets. The diplomatic dimension is equally fraught — European foreign-policy chiefs now face decisions about alignment with Washington, protection of European shipping interests, and the continent's own posture towards Tehran.
Host: Finally, to Switzerland, and a story that cuts to the heart of how Europe's cross-border tourism economy is regulated — or, in this case, not regulated.
The mayor of Crans-Montana, Nicolas Feraud, said on Monday that he was unaware safety checks had not been conducted for six years at the ski resort bar where a New Year's Eve fire killed forty-one people. Forty-one people — in a single bar, in one of Europe's most famous Alpine resorts.
Prosecutors are now investigating the blaze. Nine people, including Mayor Feraud himself, are under criminal investigation over the disaster. The central question is devastating in its simplicity: how did safety inspections at a busy, internationally marketed venue lapse for six years without anyone in authority noticing or acting?
The forty-one victims came from across Europe — Swiss, French, British, Dutch, and other nationals, drawn to a resort that sells itself to an international clientele. Crans-Montana, like dozens of Alpine destinations in Switzerland, France, Italy, and Austria, operates within a deeply cross-border economy. Workers cross frontiers, investors hold properties across multiple jurisdictions, insurers underwrite risks that span national boundaries, and guests arrive from every corner of the continent.
Yet safety regulation in these resorts remains stubbornly local — in Switzerland's case, organised at the cantonal and sometimes municipal level. The Crans-Montana fire raises the question of whether that patchwork is adequate for venues that function, in practice, as international hospitality businesses. When a bar in a Swiss resort draws guests from half a dozen countries, the consequences of a regulatory failure are not confined to one municipality or one canton.
The criminal investigation is ongoing, and the full picture of what went wrong will take time to emerge. But the fact that a mayor can say, credibly or otherwise, that he simply did not know inspections had lapsed for six years — that alone suggests a system with serious blind spots. For the families of the forty-one people who died on New Year's Eve, the question of who was responsible, and who should have been watching, is now a matter for the courts.
Host: That is Europa Daily for today. A new government in Budapest, a tariff wall going up around European steel, a naval blockade tightening in the Gulf, and forty-one families still waiting for answers in the Swiss Alps. We'll be back tomorrow. Thanks for listening.
Sources
- France 24 Europe: Crans-Montana mayor says unaware of six-year safety lapse before Swiss bar fire that killed 41
- The Guardian Europe: Ukraine war briefing: Hungary’s new leader says he would ask Putin to end the killing in Ukraine
- The Guardian Europe: US starts naval blockade of Iranian ports after deadline passes
- France 24 Europe: EU doubles steel tariffs to 50% to curb surge of cheap Chinese imports
- DW World: EU applauds Hungary’s election result
- France 24 Europe: Orban ousted: What Magyar’s victory means for Hungary and the EU
- France 24 Europe: Hungary will be "a tough partner, but a partner" on Ukraine, expert says