As previously stated this could be very worrying for the presently EASA-licenced people, and not just that it could force down salaries. If you look at how information is "gleaned" in that region it does not hold much hope that only suitably experienced engineers will be gaining a licence there, look what happens when people's bank details are very easily obtained for low cash numbers. Too many "instant internet engineers", they want the "glory" but not willing to put the effort in to gain the experience first. Could be the prelude to unfortunate "incidents" by the score, but hopefully not. However, like happens at present, many companies with vacancies will insist only on licences issued in certain countries as essential criteria for applications, we hope!