The youth unemployment is ofc bad and that's even a problem in Sweden. I do think the healthcare business will soak up a lot of people the next 10-20 years as the population in Europe only gets older and older. Problem is that young people don't want to work in that line of business. Everyone wants to work in media or doing something innovative and fun.
Sad truth is that hard boring work and high tax is what will save Europe. There are no more shortcuts. Bailouts can buy time but Europe and especially southern Europe needs to accept that it's a global economy now. Adapt or watch the jobs disappear to Asia or what not. The competition has skyrocketed and Europe can't pay for "free-riders" with high unemployment and crap to trade.
If that were true Europe wouldn't keep lagging behind America the way it's been for the last 60 years. Europeans generally take the boring government and manufacturing jobs. In the entertainment and futuristic industries they lag miles behind.
Good truth is that hard boring work and high tax will make the crisis even worse. Europe needs to start adapting for the future and forget the old 20th century industries.