I fear Europe is too cool to save itself by becoming more American. Better dead than American.
That is at least the feeling of the socialliberal left. But the patriotic of the various nations feel a kinship toward the americans, and although we would not call it americanism, we must pick and choose what the US has done right and apply it in the various European countries. Specially things like assimilation (and openness for individuals to become part of the new nation), the reawakening of our old values (Christianity and capitalism) and national pride.
The thing is that european nations are probably nearly as divided in these issues as Americans, but only one voice is allowed to be heard unlike across the pond.
No, I think the update has it more along the lines of: "Islam over Fredom".