Poor Europe. The Chief Wiggum of the Modern World
In one episode of The Simpsons, the town police chief Clancy Wiggum is out of a job and tries to rob Homer with a piece of a gun (having sold the rest) Homer shows no fear and much pity when he exclaims "Poor Wiggum." Wiggum is unoffended by this pity because he himself realizes his fall and shares Homer's pity by himself exclaiming "Poor Wiggum." in the third person.
Unfortunately Europe has not come to the point where it realizes that it has gone down several very wrong turns (except for this guy). While the electorate of France and the Netherlands rejected the European constitution out of a sensible distrust of the political elite which has kept their economies flat for years. The real reasons they have (zis competition and free-markite bizinis eez too Anglais, mon Deu.) betray the thinking that will keep Europe stuck to the floor of the movie theatre while everyone else has gone for drinks. France not only has multiple left-wing parties but a communist party that does pretty good by western terms. Yes, there are significant numbers of people in Western Europe (all over the planet actually but in Europe they don't get laughed at) who believe that communism might just work if it were given one last shot (or two).
Many of those who are not communists or in some cases fascists, are still to some degree enamored with the concepts of nationalism and central planning. Maybe the new members will be able to snap them out of it but then they will probably react to the growing economies of the east, not by realizing that they are doing something right and copying (privatization, reduction of regulation, not choosing which companies are, or should be the winners in the economy and corrupting them with pointless support), but instead by claiming that the east is growing too fast and calling for protectionist measures. Humans are as predictable as the tides.
Wiggum gets his life back in the end. Europe will too but the question is whether it will be soon or another century or two.