Up to a point yes, but I just didn't care, it was less a plot point and more an ongoing joke (which wasn't that funny in the first place). If it was a plot point we'd have had some indication that Europe HAS a heroic population already and seen them being inducted.
Who DID we end up with out of ALL of Europe? The Crimson Fox (basically a stereotyped French sex kitten) and the Beefeater, who was a "Basil Fawlty as inept superhero" joke (And Freakazoid showed that can be awesome when done right thanks to Lord Bravery)