"All the participants in the forum on youth employment, organised in Paris by the Berggruen Institute – from the French President François Hollande to his Spanish counterpart Mariano Rajoy, along with former presidents Felipe González and Mario Monti – have insisted on three basic ideas that perfectly define the alarming situation of the European economy. Growth remains stagnant, the situation of the unemployed, especially the youth, is unsustainable, and it is imperative to act now, without delay or excuses." (Quoted from article)