AbstractWe discuss spontaneous supersymmetry breaking inN= 2 globally supersymmetric theories describing a system of abelian vector multiplets. The most general form of the action admits, in addition to the usual Fayet‐Iliopoulos term, a magnetic Fayet‐Iliopoulos term for the auxiliary components of dual vector multiplets. In a generic case, this leads to a spontaneous breakdown of one of the two supersymmetries. In some cases however, dyon condensation restoresN= 2 SUSY vacuum. This talk is based on the work done in collaboration with H. Partouche,