No. You already have ping difference, that's more than enough to make other continent fiefs the unwanted target.
Actually, a lot of the EU players we've been facing in NA have VERY workable pings, in the low hundreds. You can also hire anyone for your battles, the armies are the main problem.
This is, I think, due to the position of the servers. Meanwhile a lot of NA players will get 200+ ping on EU, especially west coast.
Anyway, the point is that how Strategus has played out, the UIF took control of a large portion of the map and sat, essentially peacefully trading and building up armies. They could have hired awful players with huge pings and not lost many battles due to the
massive gear advantage they had, and they are still producing massive amounts of gold to rebuild and gear out even more armies.
Something has to change in strat, there's really no arguing that. The old style of strat where EU and NA can interact without being split into sections seems as though it would be more balanced and fair for everyone, and since nobody wants to fight with people they like, history is going to repeat itself. The continents idea is a pretty good suggestion, if one continent is captured entirely, they can use their massive gold surplus to invade the other at a high cost, as opposed to having a massive production bonus and the same upkeep as their opponents.
Edit: And since you generalized NA as no skill, consider that EU region encompasses more than 1/2 the map, with the most desirable trading locations. NA land has coastal regions, and lots of rivers (and bridges are ridiculously stupidly slow and randomly teleport you) so trade is NOT good there.
What you've seen of our battles were our already weakened armies, we were essentially shut out of the EU side of the map, unlike our NA opposition, who we had been constantly battling with up until the DRZ invasion.