The ILO forecasts that Global Youth unemployment will reach 12.7% this year and remain high until 2016. This is largely attributed to the recent Arab spring and the current Euro debt crisis. Countries such as Spain and Greece are urged to shy away from austerity so as to broaden employment avenues. http://www.ft.com/intl/cms/s/0/d24b937a-a366-11e1-ab98-00144feabdc0.html#axzz1vbrS0S5P