From their perspective, these reforms should mainly focus on Europe's social justice and security system.
It is true that some sacrifices and changes have to be made, in order to make Europe more competitive, ready to deal with the challenges ahead.
These challenges are created by an increasingly multi-polar and competitive world, in which Europe must secure a prominent place.
But if we are discussing about the future of Europe, then our efforts should be focused on the most obvious asset that we ought to invest in: our future generations, our youths.
Sadly right now our leaders are mainly rushing to stabilize Europe's banks and the single currency, the euro. Crushing of course the future of our continent's most valuable asset for recovery in the process; the creative potential of our young population.
Unemployment has hit hard people under the age of 30 across the continent, mainly due the austerity policies that were implemented. In addition, years of neglecting our educational and social security systems, contributed to the problem.
Since Europe must maintain or increase its competitiveness, it will need highly skilled and educated young workers, that will become innovators and entrepreneurs. Or simply that will attract companies to invest, taking advantage Europe's qualified workforce, either native born or migrant.
Therefore, our continent must establish new industries in which he would be a pioneer or hold an edge of competitiveness. That can never be achieved without skilled workforce, appropriately and adequately educated or trained.
Consequently Europe must reform its very educative system, in order to offer its youths the skills and knowledge to face the future. In addition of course with creating new jobs and industries.
Young Europeans must receive the right education to be able to fill jobs and professions that Europe will need, in order to achieve an economic breakthrough and innovation.
Despite the struggling EU economy, fewer and fewer Europeans are studying so-called ‘hard’ subjects like science, engineering and maths. Since 2006, the number of ICT and STEM (Science, Technology, Engineering, and Maths) graduates in Europe has plunged by almost 10%!
In the workforce today, only half of Europeans are deemed to be ‘digitally skilled’. And yet, over 90% of jobs today require these digital skills. In other words, there is a ‘skills gap’ in Europe, and it’s growing worse.
The situation is especially perverse when you consider that so many young people across the continent are unable to find jobs, while at the same time there are employers out there struggling to fill vacancies. If things continue as they are, then there will be a predicted 825,000 unfilled vacancies just for ICT professionals alone by 2020. (Debating Europe)
I remember when I was a young man in high-school, having to memorize useless subjects like religion, or be taught music and arts in totally inadequate way. Teaching these subjects and course learning them was something mechanical, a thing that was always have been and no one dared to challenge it.
But wouldn't be much better if we scrapped some certain subjects out of our classrooms, or change the way they are taught, while introducing new ones. Subjects that will benefit our youths, helping them find a job in an increasing competitive Europe.
We still need old subjects like history, arts and science. Art because we need creativity in people. History so we won't repeat the same mistakes. And of course science to generate those scientists and innovators that Europe needs.
Finally we should introduce sex education in schools, to have happy and comfortable with their sexuality individuals, which will reduce stereotypes, discrimination, sexism and STI's or unwanted teen pregnancies.
Europe must ponder on what kind of future generations does it want, apart from its politics and economic model. Where our leaders go wrong, is that they try to formulate first the economic model and then the society of people which it is supposed to exist for.
In reality they should work the other way around. First plan what kind of future European society they want, then reform their country's education and economy around it. Thus their main concern should be education, not the banking system.
Unless of course their vision for Europe is one of increasing inequality, with a stagnant economy and relying on immigration to cover our workforce needs, resulting in increasing social backlash.