What We're Watching

From MAGA to MEGA? Europe’s far-right rallies in Madrid

​Spanish Vox party leader Santiago Abascal presided over the European Patriots Summit in Madrid over the weekend. The event brought together numerous conservative leaders from across Europe under the banner of "Make Europe Great Again."

Spanish Vox party leader Santiago Abascal presided over the European Patriots Summit in Madrid over the weekend. The event brought together numerous conservative leaders from across Europe under the banner of "Make Europe Great Again."

Photo by David Cruz Sanz/Alter Photos/Sipa USA via Reuters
Leaders of the far-right Patriots for Europe bloc addressed 2,000 supporters in Madrid on Saturday under the slogan “Make Europe Great Again.” Hungary’s Viktor Orbán, France’s Marine Le Pen, the Netherlands’ Geert Wilders, Italy’s Matteo Salvini, the Czech Republic’s Andrej Babiš, and Austria’s Herbert Kickl hailed Donald Trump’s return to the White House and vowed to “reconquer” Europe. Orbán proclaimed that “The Trump tornado has changed the world in just a few weeks ... yesterday we were heretics, today we're mainstream.”

Who are the Patriots and what do they want? Formed after the May 2024 European election, the bloc includes 86 members from 14 countries, representing 19 million votes. It is the third largest group in the 720-seat European Parliament, and it opposes green policies, migration, gender and family diversity, and “population replacement.” It wants to change the EU’s governance structure to one based on national sovereignty and boost Europe's economic competitiveness.

Could the Patriots make it happen? Other right-wing parties, including Italy’s Fratelli d’Italia, or FI, Poland’s Law and Justice, and the German AfD have so far refused to join. However, in a letter sent in late January, the European Conservatives and Reformists group, home to Italian Prime Minister and FI leader Giorgia Meloni, urged the center-right European People’s Party to ally with the Patriots. And as tariffs loom, Le Pen claims that the group is the only one that can “talk with the new Trump administration.”

We’ll be watching whether the AfD or other parties change their tune about joining the Patriots – and how this impacts the EU’s ability to negotiate with Trump.

More For You

US President Donald Trump listens to a question from a reporter prior to signing an executive order on AI next to Sriram Krishnan, Senior White House Policy Advisor on Artificial Intelligence, US Sen. Ted Cruz (R-TX), US Commerce Secretary Howard Lutnick, and David Sacks, chair of the President's Council of Advisors on Science and Technology, in the Oval Office at the White House in Washington, D.C., USA, on December 11, 2025.

REUTERS/Al Drago

Artificial intelligence and Donald Trump's foreign policy are creating huge tail risks for markets.

Last week, Microsoft released a new report offering an in-depth look at AI adoption across the United States, with state- and county-level insights for the first time. While more than 30 percent of working-age Americans now use AI tools, adoption remains uneven across regions, with significantly higher usage in urban areas and communities tied to universities. The findings point to a broader challenge: without stronger access to infrastructure, skills, and education, AI’s benefits risk remaining concentrated rather than broadly shared. Read the full blog here.

A demonstrator holds a Kenyan flag during a protest against a US-backed Ebola quarantine plan on the establishment of a 50-bed facility at a Kenyan air force base that was intended to host Americans exposed to Ebola, in Nanyuki town, in Laikipia County, Kenya June 1, 2026
REUTERS/John Muchucha

Hundreds took to the streets in Kenya after the US announced plans to build an Ebola quarantine center on a Kenyan air base, with protesters warning the facility risks introducing a disease the country has never recorded. President Ruto is defending the project.