When 138 senior Muslim scholars and clergy tried to establish the common ground between Islam and Christianity last year, they said the very peace of the world hung on the outcome.
So we're all doomed!
The idea that we should look to religion as the source of world peace has lost its last shred of credibility a long, long time ago, and the opposite seems much closer to the truth. The alleged motives behind the creation of a body claiming to represent all Muslims in Europe should receive a fair amount of scepticism, whether one represents the Pope or whether one is an atheist in possession of full mental faculties.
See also:
Is Europe Trying to Build a Fundamentalist Islam? (by Prof. Philip Jenkins, Pennsylvania State University; Qantara.de, 04.11.2008)
When governments recognize particular clerical and religious groups as the official spokesmen for their communities, they are treating ordinary people as members of collective religious/cultural entities, holding rights as members of those groups, not as citizens and individuals.