Economic and Monetary Union of the European Union is part of the process of economic integration. Independent states can connect their economies. European Central Bank as the monetary authority oft he Economic and Monetary Union implement a common monetary policy in the member countries, monitors the amount of money in circulation, the euro exchange rate controls, is responsible for the functioning oft he payment system and the central banks of the Member States hold and manage the official foreignreserves. The European Central Bank has a primary objective, which is to maintain price stability, so she tries to achievement of economic goals, and that they are relevant to all countries and their citizens: higher living standards, higher levels of economic activity, and thus and higher employment. Youth unemployment is a growing problem with long term consequences for individuals, communities, the economy and society. In the last decade the transition of young people from school to work has become longer, more complex and more turbulent . As is known, the weakest link in the eurozone was Greece. In the first months of 2010 there was intense speculative trading against Greek government bonds . Investors have started to buy replacements for credit risk and thereby lift their quotation, which is then read out as evidence of an increased risk of these bonds and resulted in an increase in interest rates.