The only reason Europe has that '200hr straight to 737' system is they dont have any 91/91k/135 ecosystem.
LH/AF/BA/LX/KLM need a couple hundreds pilot a year each (number doesnt matter here). Sure they can find a couple guys with king air/citation experience but then what ? The class is 80% empty. They're left with the 200hr wonders.
Another big factor is that EU doesnt have thousands of pilots coming out of the military every year. Take the military guys out of the US equation and the hiring landscape would be radically different.