Not correct, Pace
From the FARs
§61.3 Requirement for certificates, ratings, and authorizations.
(a) Required pilot certificate for operating a civil aircraft of the United States. No person may serve as a required pilot flight crewmember of a civil aircraft of the United States, unless that person:
(1) Has in the person's physical possession or readily accessible in the aircraft when exercising the privileges of that pilot certificate or authorization—
(i) A pilot certificate issued under this part and in accordance with §61.19;
(ii) ...
(v) When operating an aircraft within a foreign country, a pilot license issued by that country may be used.
The FAA have already ruled that for the purposes of this paragaph EASAland is one country.
So, yes is the answer to the OP's question.