Yep that's pretty much it.
But there are only 13 states approved for JAR-FCL1 (Aeroplanes)
UK, Denmark, Iceland, Netherlands, France, Spain, Belgium, Switzerland, Sweden, Finland, Malta, Ireland and Norway
Thus you can do training for Licences and ratings in all of those countries.
But if you do your CPL in Malta it will have to be the Malteasers who issue that Chocolaty Licence
Wibbly P