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Iberia (Spain + Portugal)
Peru-Bolivia
La Plata (Argentina + Uruguay + Paraguay with cores on Rio Grande do Sul and Parana, maybe Chile and Bolivia as well)
 
English French Empire... Well everyone in the game is officially screwed....
 
Iberia (Spain + Portugal)
Peru-Bolivia
La Plata (Argentina + Uruguay + Paraguay with cores on Rio Grande do Sul and Parana, maybe Chile and Bolivia as well)

All these would be fantastic. I would be especially happy to see a Peru (or Peru-Bolivia) with cores on neighbouring nations to form Tawantinsuyu!
 
iberia and rome, for rome you could do it as byzantium or italy, as italy if you have taken all the italian land from austria maybe you could get an event about restoreing rome and then if you conquer the ottoman balklands and istanbul you can form the roman empire and gain cores on every peice of land in the med. it would be hard but i would love iberia.
 
Just for lulz, how about an American Union that includes all of North + South America? Then have them duke it out with an Anglo-French union.

Calling it a great war would be an understatement.