Mario Draghi: 'Reducing youth unemployment is a priority for everyone'

Read the full transcript of our interview with the ECB president in which he calls for more to be done to help Generation Y

What does the European Central Bank's own research on incomes and younger generations say?
During the great recession, the young [aged 16-34] lost about 5% of household income in real terms. That was of course substantial and had a big impact on the personal plans of many young people. But the magnitude was not so different from the losses suffered by other generations, although of course the young do not have the same assets and savings to fall back on in tough economic times. Even more worrying was the sharp increase in youth unemployment in Europe.

Related: European job market is rigged against younger workers, says Draghi

What matters is that young people, as they move through life, have the opportunities to build up wealth, too