Nor did the situation in the financial system or in financial market regulation look any better. The crisis still has the euro area in its grip, although first signs are becoming apparent of an improvement in some member states. The younger generation was, and still is, the hardest hit – on two accounts.
  Many young people in the crisis-hit countries are currently experiencing great difficulty finding jobs, as youth unemployment is disturbingly high in many countries.   But the sovereign debt crisis, too, casts a shadow over our young people’s future, as the last few years have seen sovereign debt rise dramatically throughout Europe.