The Hungarian Socialist Party (Hungarian: Magyar Szocialista Párt), known mostly by its acronym MSZP, is a social-democratic political party in Hungary. It was founded on 7 October 1989 as a social democratic party by the reform wing of the ruling socialist Hungarian Socialist Workers' Party. As a result of the 1994 parliamentary election, MSZP won an absolute majority and entered a coalition with the liberal Alliance of Free Democrats (SZDSZ); thus the post-communist party was released from a so-called "political quarantine" (by being the former state party the socialists were in a quarantine by the other democratic parties). MSZP was one of the two major parties in Hungarian politics until 2010; however, the party lost much of its popular support as a result of 2006 protests and the 2008