This, ("If you reside in Euroupe you will need to have a valid FAA and EASA licence to fly N-reg, and of course the type rating"), is incorrect. IF the aircraft is OPERATED, within the EU, then you need both tickets (and don't you DARE, think that an FAA ticket holder can fly a plane as well as an EASA jockey!!).....
YEEHAH FOR BREXIT......So long SUCKAS!!! I'm gonna Operate me a G "Fye Fiddy", on the N reg, outta London!