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European universities currently face a dire financial crunch: governments throughout Europe are slashing their budgets for higher education, and fund-raising organizations are far less developed in European universities than in their American counterparts. €ureka! examines how European universities are rapidly adjusting to the situation, drawing on interviews with professionals and students from institutions in the League of European Research Universities. The contributors discuss ways in which European universities can raise funds and whether they will continue scholarly research or transform into research laboratories. €ureka! is a fascinating look at the state of higher education in a global context.