Well, in this case, go to school. Here's why:
If you were staying in your hometown, you can rely on experience and moving from job to job is easier then moving from country to country....and costs less!! Also, since you're taking a large risk moving to foreign countries and not knowing the lifestyle and language, you will always have your degree to fall back on of it doesn't work.
Having a degree has helped me tremendously because it makes my resume that much stronger, also going through culinary school itself, gives me experience x10 because you get all the basics down as appose to learning them in the real world with people who don't even care about you. At least in school, you cane make all the mistake you want and be guided to working through them. In the real world, if you make a mistake, it costs money and it makes you look bad.
I say, if you have the resources to go to school, do it. I did and I don't regret anything. Culinary school is pretty intense and you need to be onto of your game, but you'll always have degree to flash any job in your hometown if Europe fails.
After you graduate, don't make Europe fail!