The rise of far right parties across Europe is a chilling echo of the 1930s

Since the global banking crisis in 2007, commentators across the political spectrum have confidently predicted not only the imminent collapse of the euro, but sooner or later an unavoidable implosion of the European Union itself. None of this has come to pass. But the European project, launched after the devastation of the second world war, faces the most serious threat in its history. That threat was chillingly prefigured this week by the launch of a pan-European alliance of far-right parties, led by the French National Front and the Dutch Freedom party headed by Geert Wilders, vowing to slay "the monster in Brussels".

Of course, the growth in support for far-right, anti-European, anti-immigrant parties has been fed by the worst world recession since at least the 1930s – mass unemployment and falling living standards, made worse by the self-defeating austerity obsession of European leaders. Parties that skulked in the shadows, playingdown their sympathies with fascism and Nazism are re-emerging, having given themselves a PR facelift. Marine Le Pen, leader of the French NF, plays down the antisemitic record of her party. The Dutch far-right leader has ploughed a slightly different furrow, mobilising fear and hostility not against Jews but Muslim immigrants. Like Le Pen, Wilders focuses on the alleged cosmopolitan threat to national identity from the European Union. It is a chorus echoed in other countries by the Danish People's party, the Finns party and the Flemish Vlaams Belang, among others.

For now, the French and Dutch populists are carefully keeping their distance from openly neo-Nazi parties such as Golden Dawn, whose paramilitary Sturmabteilung has terrorised refugees and immigrants in Greece, and the swaggering Hungarian Jobbik, which targets the Roma minority.

According to some pollsters, the far right might win as many as a third of European parliament seats in elections next May. That would still leave the centre parties – Christian Democrats, Social Democrats and Liberals – with many more members. But for the European parliament to form a credible majority, all of these parties might well be forced much closer together than is good for democracy.

Such a situation would be unsettlingly reminiscent of 1936, when the centre and the left – notably in France – temporarily halted the swing to fascism but formed an unprincipled and ineffective coalition. Its collapse on the eve of the second world war accelerated the advent of Phillippe Petain's Nazi-collaborating regime. History does not normally repeat itself in an automatic fashion, but it would be foolish to take the risk.

More worrying than the growth of the far right are the temporising gestures to the racists and anti-immigrants now coming from mainstream Conservative and even Liberal Democrat politicians and from some of the new "Blue Labour" ideologues. The warning from the likes of David Blunkett that hostility to Roma immigrants might lead to a popular "explosion" is reminiscent of Enoch Powell's rhetoric.

An antidote to the far right requires that the European left articulates and pursues a comprehensive alternative to economic stagnation, an ever-widening income and wealth gap and the degradation of our social standards, civil liberties and democratic rights. But that alternative has to be fought for at European as well as national and local levels, and will require more, not less, European integration.

Time is running out, not only for the European Social Democrats, but also for the wider socialist left and the greens, to show they can create a counterbalance to the rightward drift of the centre. Without that, the new far-right alliance may only have to hold together and wait for its hour to strike.

John Palmer is a former European editor of the Guardian and a founder and the political director of the European Policy Centre.

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