I'm from Europe and never played the European leagues because it was no fun at all in EHM. Maybe in the future FHM will make playing in Europe more fun with awards and deeper integrations with the IHFF.
In EHM I did select those bigger european leagues like DELL , Czech, Russia, Sweden and Finland so you could view them but never played with any team.
My best game would be to start at some OHL club and work your way up as a GM to your famous NHL club.
But for version 1 of FHM that's a little much to ask so in this version I will only start at NHL level and try to manage my favorite team the Flyers