Eurabchina, dont forget the china ;-). I see a future where Eurasia is going to be slanted eye white, like many tatar-russian hybrid people of north asia.
Apart from that, Europe owes a lot to middle east. Descartes is kind of the founding father of modern west. He took truck loads of thought from Ghazali, who is considered to be one of the greatest Islamic thinkers. Also, lots of Medicine/surgery also went from east to west (Back then europe was treating diseases by exorcism). Muslims took everything from greece, india and china, and send it towards europe.
IMHO europe, islam and china will enrich each other a lot. It'll take time, but the outcome will be good. There is no other way