I bet the other eurocountries will still have a Concertina jobbie just like they always have had.
The chopping up of the old UK JAR licenses used to send some mental screaming that it was now invalid. Then it was shown that they were talking rubbish.
Looks like they have had their way.
And I reckon Flying Wild is correct.
Sensible thing would be to allow you to chop it down the middle so that the License bit could be plastic coated and the ratings bit could be left to be written on.
They are going to end up having to replace them every 3-4 years with a multiple folded sheet like that.