The problem is that fascism is an inherently authoritarian ideology.
It may not have the connotations of "absolute evil" from Nazism, but its not meant to be democratic or government-lite - the opposite is written into the very justification of it existing.
That's not true of Communism, whatever else one says about it - its not inherently defined by being about autocratic control by One Man.
Fair point. What I was envisioning, however, was an ideological movement which discards the totalitarian aspects of fascism and keeps others which it finds attractive. The corporate state, for instance, isn't necessarily incompatible with democracy, depending on how the corporate entities are run - even several non-fascist states have adopted some aspects of corporatism at various times. Things like romantic nationalism and camraderie as the basis of citizenship are more problematic, but I could see them coexisting (uneasily) with a democratic system provided that they aren't taken too far.
Also, and more to the point, political parties can function in a democratic system, even if they aren't fully on board with the idea of democracy, as long as they don't have a majority - Fiamma Tricolore, anyone? (Fiamma, minus the skinheads, might actually be a partial model of what a "Eurofascist" party could look like.)