Hungary proposes age and term limits for judges, seeks president’s removal

https://en.idi.org.il/articles/64011

Magyar Péter, Hungary’s Prime Minister, announced in parliament plans to amend the constitution to introduce a 70-year age limit for constitutional judges and a 12-year term limit for representatives. This proposal also includes the removal of President Tamás Sulyok from office, following an ultimatum issued for his voluntary resignation by May 31. The amendments are aimed at reinforcing democratic transitions of power and renewing the political elite, but they require a two-thirds majority in parliament to pass. The proposed changes are not retroactive and are part of broader efforts by Magyar to consolidate his political agenda.

Key Takeaways

• The announcement appears to significantly increase expectations that Tamás Sulyok could be ousted as President by June 30.
• Markets suggest that the proposed constitutional amendments are consistent with scenarios where Magyar aims to solidify control.
• Current pricing suggests a heightened view of a YES outcome, moving from 7% to 15.5% for Sulyok’s removal by June 30.

What to Watch

Observers will monitor the Hungarian National Assembly’s response to Magyar’s proposed amendments and whether they achieve the necessary two-thirds majority. Any official statement from President Sulyok regarding his competitive position or potential resignation could further impact market dynamics. The Venice Commission’s input on the constitutional changes may also influence the likelihood of Sulyok’s removal.

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