Europe has gradually lost its influence in world affairs. It is, after all, grappling with various problems of its own—amongst them, increasing hyper-nationalism, illiberal thoughts, political populism, extremism, and the rise of extreme right-wing parties. Europe is also facing many demographic challenges. In 1990, the continent accounted for 25 percent of the world’s population; by 2060, it will account for just over four percent. The median age is increasing and by 2030 it will become one of the oldest regions in the world. While migration has provided Europe with an opportunity to solve some of these problems, it appears to be less than ready to embrace it. The European economy has still not recovered fully and most of the countries are facing unemployment issues and rising public debt.