As a Brit living and flying the US I follow all this with horror. If one day I do decide to return to Europe I think it will be time to hang up my headset for good or maybe buy an LSA or an Extra but certainly give up the concept of flying for the purpose of going somewhere.
It's interesting hat the EU member states seem to be getting generally fed up with the incomprehensible bureaucratic mess that Brussels has become. In a completely different field my wife is very actively involved in some new EU initiatives and the member state attitude seems to be "do what you want, we'll just make sure that whatever you do it doesn't apply to MY country".