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Viktor Orban's conservative Fidesz party won a landslide victory in the Hungarian parliamentary elections, garnering over 50 percent of the votes. The far-right Jobbik party will also be represented in the new parliament - pushing an openly xenophobic, anti-Semitic agenda.The election result not only reflects the country's beleaguered economic and social situation, but also its deeply polarized political climate. The new Prime Minister Viktor Orban is now facing major challenges, including tackling Hungary's enormous state debts, creating jobs and reducing red tape. And the rest of Europe will be watching to see if he can keep a lid on the country's right-wing extremists.