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Budapest rallies mark 1956 Hungary uprising

24 October 2012 Last updated at 03:44 BST

Large pro and anti-government rallies have taken place in Budapest to mark the anniversary of the failed 1956 revolution against Soviet rule.

Up to 150,000 people gathered across the Hungarian capital, state news agency MTI reported.

The most important political development of the day was the formation of a new electoral alliance to challenge the conservative Fidesz government.

Nick Thorpe reports from Budapest.