You have a European citizenship? What are you doing wasting your time here? Go get your JAA licenses then get your FAA licenses. Not the other way around. It is very hard, costly and time consuming to get your FAA and then convert to JAA. Been down this road and don't wish you go there. On top of that, there is a new proposed rule (should take effect very soon) that will make it even harder (and it is already painful) for FAA licensed pilot to convert to JAA licenses. Consider school like Oxford Aviation (OAA.com - Oxford Aviation Academy). They have bridge programs that make you transition right away to British Airways, Ryan Air, Net Jets to name a few. At this point, everything is in a recession but by the time you graduate things may pick up again to your advantage. My 2 cents.