It should be the same thing but maybe it's flaky? Did you try doing each line one at a time or all at once? You have the ; after the first line but not after the "\u peq" line. I know you can cut and paste many lines to run in sequence and without the ; after each line it will throw errors. Otherwise, maybe the database wasn't created correctly. Have you looked through the wiki?
http://www.eqemulator.net/wiki/wikka...kka=MySQLSetup