Last time Europe had really any chance was in the 1990's benefiting from the end of the Cold War, but Islamization of Europe put the end of it.
I have to disagree, that it was the Stock Market Crash, wasn't that 2009 or thereabouts? Greece and its debts? Etc. I do recall that in 2010 Iceland told the World Bank to stuff it, overturned their own government, and issued warrants for the arrest of their own bankers. And theirs is the economy that is doing the best, is it not?
To the OP, I really think the "Left" is confusing Religion with being Brown - that's just my 2 - the 'average Joe' fears that taking a stance against militant Muslim acts will turn into another race war - isn't that what happened in Europe already? I have friends who were casualties of that war (Bosnian vs Serbian). That was a Caucasian war - no brown people involved.
I agree that being moderate, liberal, does not necessitate endorsing yet another hateful, destructive religion that is bent on world domination.