Bike in Europe
Southern Europe is full of 125 cc bikes of all kind.
Much less 250 cc, due to license requirements and...
https://www.olx.pt/carros-motos-e-ba...at_price%3Aasc
No problem to find whatever bike you want.
But... to buy it and get it registered in your name is something else.
Every country has its own rules.
So it does not help to state some general rules.
Pick a country and dig into the rules.
Since you are from Argentina. Spain is maybe where you should start.
Vaya Con Dios
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When it comes to driving around in Europe. Insurance and taxes for the vehicle is normally valid for a limited time, even if you leave your own country, and stay within Europe. Again no general rules. What it temporary and what is permanent. Nobody knows.
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central Asia is something very different
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