This is the first time in human history that the energy transition has been decided by politicians without allowing technology, competition, or human ingenuity to come up with a better, more flexible, and more economical alternative.
We should not be surprised that credit in the eurozone is falling along with monetary aggregates. The entire burden of monetary normalization is falling on the productive sector, families, and businesses, while many governments continue to increase deficit spending.
It's easy to see why many young people don't find military service especially enticing. The US military lost in Iraq and Afghanistan, and the usual regime propaganda may not be working anymore. But we'll only know the full extent of the "problem" once unemployment starts to go up.