The following is taken from the CAA.co.uk website, "EASA Part-MED"
"EU Part-MED medical certificates for EU licences
Pilot licences are not valid without a valid medical certificate. ............"
Custardpsc - your confused and have simply got it wrong. Obviously, if a licence is "suspended", "revoked" or "withdrawn" it is not valid.
On a positive note: thank god for the old U.S. of A. for providing some common sense. The reference from hoodie to the FAA FAR 61.75 was most helpful.