MobiusOne,
First things first, do you have a JAA license? Are you eligible to live and work in the EU? If not , there isn't much help I can give you.
Just to answer your question with a general answer. YES! There are plenty of LOW TIME jobs out there. Just to give you some information on that, Olympic and Aegean airlines in Greece, ask no hours in their advertisements! I have seen 230 hour guys getting hired and flying 737s. Greece is not the only country like that, it's all over Europe. You have to understand that people don't build a lot of time here, becoming a CFI is almost non-existent, too expensive for most. So basically you have a crap load of guys running around with 250 hours looking for jobs.
If you go to some of the links that APC put on the main page, you will find a lot of CONTRACT jobs. These jobs usually require a lot of flight time, maybe even type ratings. I would recommend this site for you:
http://www.flightglobal.com/jobs/default.aspx
Here is an example of a job that is low time:
http://www.flightglobal.com/jobs/job...--10336825.htm
Second Officers B747-400 - Liege - Flight Crew
http://www.flightglobal.com/jobs/Org...hx?id=10001457
* Job Position: Permanent
* Location: Belgium
* Job Hours: Full-Time
* Job Role: Flight Crew
* Company: TNT International Aviation Services
* Posted Date: 05 February 2008 12:56:25
Second Officers B747-400 - Liege - Flight Crew
Our fleet of shiny new B747-400 ERF is further expanding as well as our long haul network. We are looking for motivated and enthusiastic pilots meeting the following requirements. We offer a comprehensive package and Expatriate Tax status available for eligible candidate.
Based at Liege
JAR CPL / IR with frozen ATPL - MCC - 250 hrs
If you are passionate, motivated and wish to work for a serious employer, apply immediately!
For more information, visit
www.tntairways.com and fill in the application forms.
250 hours to fly a 747-400 around.
Good luck.
olympic