I think you're both right
Also think the N might mean Neo and would have something to do with European fascism.
>https://en.wikipedia.org/wiki/New_European_Order
In the words of scholar Nicolas Lebourg, "the NEO virulently defended the idea of a new world order based on racial hierarchy, in which 'white humanity', by federating its nations, will see the birth of 'the new man within the new race' through a totalitarian party-state."