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If it's merely on the fine level I think it stays 'in-country', but if it's the kind that would mean revocation of license and/or possibility of jail, I think it gets reported back home and you'd probably face the wrath there.

Actually, they have started to implement better european co-operation - in this case to our disadvantage. A number of european countries are now implementing a sceme where they will have your local police fine you for an offense in another EU country.