no smoke without fire ..
happy days: recollections from my transition from instructor to airline pilot, domiciled at the time in the UK, where I was born ... turbine time would have been very useful, yet for some peculiar reason, most of the equipment I wanted to fly was sat gleaming in the hangar of my local airport with an N registration painted on the tail.
Those with cash to spare went to the States and did their FAA licence, came home and flew, meanwhile, having "squandered" my resources on a UK CPL/IR and type rating, it took some time to find a UK operator, operating the same aircraft, and then to gain employment
Having seen both ends of the aviation roller coaster, I would not wish anybody out of a job, that said, with no reciprocal agreement in place, this one sided arrangement has existed for too long.