Also the US has the 1500 hour rule, there was a shortage of those with 1500 hours required to fly any part 25 certified aircraft. There isn't necessarily a shortage of low hour FAA cpl IR holders. In the US you cant sale a type rating to a 200 hour pilot anymore.
A similar rule in Europe would mess things up for Ryanair. There was a recruitment peak around 2017 to 2019 in Europe but that was the first time in 20 years if not longer.
The schools are still producing a steady supply of candidates so a pilot shortage in Europe is unlikley.