Eurabia - Europe's future?

Is this the future of Europe:

Eurabia is a term coined by Bat Ye'or to describe an alleged process of political and cultural incorporation of Europe into the Islamic world, supposedly accompanied by a demographic change from a predominately Caucasian Christian population embodying Western Civilization to a predominately Semitic Islamic population. She sees this as the result of a European - particularly, French - conspiracy against the United States, and regards it as a primary cause of alleged European hostility to Israel.

She describes it as follows:

"A machinery that has made Europe the new continent of dhimmitude was put into motion more than 30 years ago at the instigation of France. A wide-ranging policy was then first sketched out, a symbiosis of Europe with the Muslim Arab countries, that would endow Europe - and especially France, the project's prime mover - with a weight and a prestige to rival that of the United States. This policy was undertaken quite discreetly, outside of official treaties, under the innocent-sounding name of the Euro-Arab Dialogue... This strategy, the goal of which was the creation of a pan-Mediterranean Euro-Arab entity, permitting the free circulation both of men and of goods, also determined the immigration policy with regard to Arabs in the European Community (EC). And, for the past 30 years, it also established the relevant cultural policies in the schools and universities of the EC... The Arabs set the conditions for this association: 1) a European policy that would be independent from, and opposed to that of the United States; 2) the recognition by Europe of a “Palestinian people,” and the creation of a “Palestinian” state; 3) European support for the PLO; 4) the designation of Arafat as the sole and exclusive representative of that “Palestinian people”; 5) the delegitimizing of the State of Israel, both historically and politically, its shrinking into non-viable borders, and the Arabization of Jerusalem. From this sprang the hidden European war against Israel, through economic boycotts, and in some cases academic boycotts as well, through deliberate vilification, and the spreading of both anti-Zionism and antisemitism."[1]

More succinctly, she summarizes it in the National Review as follows:

"Europe's economic greed was instrumentalized by Arab League policy in a long-term political strategy targeting Israel, Europe, and America... Through the labyrinth of the EAD system, a policy of Israel's delegitimization was planned at both the EC's national and international levels... Strategically, the Euro-Arab Cooperation was a political instrument for anti-Americanism in Europe, whose aim was to separate and weaken the two continents by an incitement to hostility and the permanent denigration of American policy in the Middle East."