May I kindly ask for advice regarding the following questions:
Well ranked MBA with specialisation in HR/Digital Talent [Europe]
Requiring no work experience - just graduated from BA Psych.
On-line or Campus [ in which case, preferably with a period of on the job training]
Preferably not in excess of €40K
In English

many thanks for any guidance you may provide

There are none. Try an MSc http://www.best-masters.com/ranking-master-human-resources-management.html

An MBA will generally require at least three years of work experience (for most reputable programs, the average work experience of incoming cohorts tends to be in the 5-6 year range).

Look instead at Master's programs in Human Resource management, there are some offered by European schools. Which countries in specifically are you looking at? What are your goals?

Even something like that probably would not include any 'training.' Instead, you might consider something like ESCP's Master in Management program. It's two years long and not specialized, but you'd probably be able to to HR electives. Plus it would include an internship.

An MBA will generally require at least three years of work experience (for most reputable programs, the average work experience of incoming cohorts tends to be in the 5-6 year range).

Look instead at Master's programs in Human Resource management, there are some offered by European schools. Which countries in specifically are you looking at? What are your goals?

Many thanks for your feedback. So it seems that MBA is off the list. I will try looking for reputable schools for a Masters or MSc in Human Resources & Digital Talent, hopefully with a period of practice in Europe, taught in English.

I would say that since that ESCP program is two years long it's pretty unique and does provide adequate time for an internship. There are specialized MSc's in human resources (IE for example offers one), but their hands-on components are much shorter and less intensive.