In the past several weeks, European universities have graduated their final-year students. Across the continent, hundreds of thousands of young people have left the cradle of school and started the search for work. But many of them won't find it. This year's graduating class is running smack into the worst employment market in decades -- a situation that threatens long-term social and economic trauma.
World Bank President Robert Zoellick recently told Spanish newspaper El País, "What began as a great financial crisis and became a great economic crisis is now becoming a great crisis of unemployment, and if we don't take measures there is a risk of a great human and social crisis, with major political implications."
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