A brief extract from a ZeroHedge article entitled “This is Europe’s Scariest Chart” :

Some may be surprised to learn that while Portugal, and Greece, are quite bad, at 30.7% and 46.6% respectively, it is Spain where the youth unemployment pain is most acute: at 51.4%, more than half of the youth eligible for work does not have a job!

Because the real question is if there is no hope for tomorrow, what is the opportunity cost of doing something stupid and quite irrational today?

That is a hell of a lot of bored and under occupied youth probably just waiting for the one spark to ignite the whole EU South.