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The #1 problem, as the current Eurocup mania proves, is that 27 disparate nations cannot and will never act "as one" the way a new country, the USA, has managed to do for 200+ years. The fury in which people from Spain, Italy, France, Bulgaria, Estonia, Romania, etc defend their national identities and pride is fanatical. There will never be integration or a European "melting pot".
We are the great American 'experiment", and you can decide whether the experiement is suceeding or failing. For the most part I think it's succeeding. The people who immigrate to the USA somehow manage to be both American and still honor their heritages. I do not see this as a possibility in Europe.
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