Fourslosrews
It is a regret that the FAA Licence has indeed diminished in stature in recent years, the ticket factories have a lot to answer for. For me the target must be to have one recognised European accreditaion (not necessarily a licence) for the role of airline operational control or in ICAO terms, the Flight Operations Officer, if it were placed under the JAROPS wing so much the better.
The FAA Licence, albeit a valuable qualification, is in many ways mis-placed and not best suited to the European environment. It would be of significant benefit to JAA Countries were we able to establish an JAR standard, which in fact need only adopt the ICAO recommendation/syllabus as a good starting point. Easily done if there was the will to do so.