The increasingly level of youth unemployment across countries in Europe is becoming very risky.
The good news is that after summit after summit, Europe's political leaders have started to grasp the gravity of the situation and have come up with a noble plan.
Youth unemployment is one of the biggest problems in the world. Its impact is particularly evident in Europe. I believe youth entrepreneurship education can bring these horrible unemployment rates down.
By extending credit to Spain's banks, Europe helped stave off the immediate threat of a run on those institutions. However, with its 24 percent unemployment rate, Spain has problems that won't be solved by a quick extension of credit.
Anyone who has lived in an area with high unemployment knows how it erodes social bonds, lowers the resilience of the unemployed and their families, and damages the prospects of the next generation. No country can afford to lose a generation to unemployment.