Wei Guihong, a program administrator at the School of Foreign Studies at Nanjing University, said about 60 percent of the school's graduates enter the labor market every year.

南京大学外国语学院的辅导员魏桂红说，每年大约有60%的大学毕业生选择工作。

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The country has an expensive yet effective "active labor market" program, says Scarpetta, where the unemployed are helped back into jobs through training, assistance with job searches and even subsidized employment.

FORBES: Work

Greece has already agreed to a harsh austerity program and labor market reforms, which have led to violent street demonstrations and crippling unemployment.

CNN: Greeks pushed to work more to pay debt

In return for international bailout funds, Greece has agreed to a harsh austerity program and labor market reforms -- measures that have led to violent street demonstrations in the past.

CNN: Thousands protest austerity measures in Greece