By Tamas Csonka in Budapest Hungary’s fast-ascending Respect and Freedom party, led by former Fidesz insider Peter Magyar, came within shooting distance of the ruling radical right-wing Fidesz party at the June 9 EP and local government elections, in the biggest political earthquake since Prime Minister Viktor Orban swept to power in 2010. The results confirm that the 42-year-old Magyar has pushed aside the ‘old opposition’ and has stepped up as the main challenger to Orban, who has been in power since 2010. In another likely defeat for the populist strongman, Sunday’s election marathon proved…