The coming EU Parliament elections will check the strength and sustainability of the populist wave that has taken over UK and Italy, most of Eastern Europe and some smaller countries like Austria.
After an initial wave with Brexit and the triumph of Five Stars in Italy, the populist trend seems to have peaked. Part of this has to do with the poor government performance of the first wave in Spain and Greece -where the far left Podemos lost votes and Syriza ended implementing an impopular but necessary stabilization program with the IMF-.
Other, without doubt, with the chaotic and protracted drama around Brexit, which pitted Scotland, Ireland and London against the economically declining regions of England. The Brexiteers didn't have a clear plan nor credible leadership to form a government, and turned to a Remainer PM like Theresa May to implement a deal with EU. The result has been a long stalemate and cold feet for business that have been hemorrhaging out of UK for two years already.
According to a comprehensive Financial Times poll in all EU countries, UK and Italy will increase the seats for EU populists, but far short from a working majority able to elect a populist for the position of EU PM. (click to enlarge)
While Spain turned to the moderate social-democratic center-left with PSOE, France -which still has a dominant centrist in power- seems to be wobbling under the street riots promoted by the Yellow Vests anti-European populists.
A closer look by Politico polls show that the moderate center-Right and the center-Left will still hold majorities in the 2019-2024 EU Parliament, with the Liberal centrists as "king-makers" but also needing populist votes to form government.
The growth chart seems to show populists plateauing and moderates bouncing back, most likely as results of Brexit/UKIP, Podemos' and Syriza's fizzling after government and opposition fiascos.
Pro-EU forces hold a healthy 467 majority seats almost doubling Euro-skeptics.
All this said, the situation for the coming five years (2019-2024) is fluid, highly dependent on the economy, mostly at the mercy of the US-China trade brinkmanship.
Last but not least significant, US anti-EU nationalist Steve Bannon is working overtime propping up Trumpian-esque forces in UK (Brexit-UKIP) Italy (Salvini), France (Gillettes Jaunes), Spain (Vox), Hungary (Orban) and even Brazil (Bolsonaro).
Those who underestimate Bannon's impact and power do so at their own peril. Trump might be less ideological and more pragmatic, but Bannon is a man on a mission, and that mission can generate a Second Coming for right-wing populism in EU. Is good to remind those who look down on this phenomenon that the First Coming brought Hitler, Mussolini, Franco and WWII during the 1922-1932 decade, right (pun intended) for the hundred anniversary of the crowning of European fascism that preceded World War II.
The Long View: European history tends to repeat itself. During the 20th century two world wars erupted for the same reasons -nationalism, populism, economic depression, anti-immigration and the perennial antisemitism (particularly in Eastern Europe)-
