No. Even in JAR-la-la land it's still PPL-->CPL-->ATPL issue. The only difference is that the ATPL exams grant pass equivalency to the CPL & IR exams. Effectively, the CPL & IR exams are a subset of the ATPL exams. Doing the ATPL exams covers all knowledge areas of the CPL & IR exams. In Oz and the US the exams situation is different. The ATPL exam(s) cover new content that isn't in the lower licence level exams, so ATPL passes in those countries doesn't grant pass equivalency to any of the CPL &/or IR exams.
Even the other, more obvious terminology difference ie 'frozen ATPL' is little more than a marketing term that masks the underlying licence issue ie a CPL (+IR + ATPL exams and, increasingly, MCC).
Granted, the bureaucracy & resulting cost in Europe is excessive (and I'm being polite in my terminology. My usual description is far more robust).