Youth Unemployment - Most serious problem?

In a world where we have so many goods that markets are throwing away 1/3 of the products produced, the biggest problem in the first world is not poverty (in the way we would imagine at first, at least), war, but something that is a problem growing day by day: Youth Unemployment.

In Europe, it is one of the most serious problems that we need to face. According to a current research, not Greece is in the biggest danger in this case, but Spain. Over 50% of the youths couldn't find a job after graduation either from High School or University. The second is Greece with an exact 50% ratio. This means that from 2 young adults, 1 couldn't find a job in the first year. That is a huge number!

Take Hungary, my home country as an other example. We have a "good ratio" with 20%, which means that 1 young adult from 5 won't find any job in the first (few) year(s). This seems much better, however, you have to keep it in mind that those who find a job are NOT always the one who found a full-time job. Most of these jobs are either part-time jobs, or just odd jobs, which makes the case much worse.

The greatest country in this case is Germany with only 7%, and that 7% has either social problems, or they are just undereducated. Why is this? Maybe because of how their education work? Or just they realized how important it is to give a job to the youth until they can?

As someone who couldn't find a job after one year, I can actually feel how this is a huge problem. I actually suffered from depression, and to the top it off, my whole family just harrassed me why I don't have a job, and they even said I'm a lazy scamp who don't want to work at all. Not even the Employment Centre could help me at finding a job that is fitting me.

What is your opinion about the case? Do you also think it is a huge problem in the world? Or is it just a case in Europe? Or, while it is a small problem, it isn't actually that huge as most people say? What is your own opinion about it? Do you have any personal experiences about the whole problem?