Youth Without Work: can we experience a revolution, shortly?

Europe is aging and young people has no work:

Youth unemployment rose by six percentage points in the OECD area from 2007 to 2009, with Spain experiencing an alarming 42% youth unemployment rate in 2010.
In Italy, 60% of people aged 18-34 (and 30% among people aged 30-34) were living with their parents as a result of their inability to support themselves.

Can our ‘system’ collapse? Will an inter-generational conflict be unavoidable? Can a revolutionary wave similar to 1968 happen in a near future?

Edoardo Campanella for Project Syndicate published a must read essay, here.