Europe won't go to the 1500 hour limit anytime soon. Quite the contrary, MPL is there to stay. And remember, most of the major airlines in europe allways hired very low time cadets from their own schools, so it is something with a history of 50 years or more now.
Training departments nowadays love the MPL students as they know aircraft systems and automatic flight modes quite well and have no problems with the typerating syllabus, not really a wonder when they have sat up to 100 hours in the simulator before beginning the type rating. Line captains disagree there somewhat, but not as much as expected.