Hey Mad.. Here is some pros and cons
Pros.
1. Flying is something that will give you the chance to see the world.
2.It will teach you a myriad of things..Geography,Weather,Politics,Human Relations
3.It will snag you some serious tail. <--my favourite aspect
4.Best seat in the house
Cons.
1. Not much stability (atleast for me that is)
2. Wife
3. Income vs responsibility is not that good
I live in the U.S and over here things are different than there. I became an Instructor when I was 20, I am 25 now and through many many flying jobs,health problems(job related) and the likes. I still enjoy the flying. I do however hate my job as a flight instructor.
I never regretted being a pilot as far as job satisfaction but I do regret It when I look at my wallet.
You are verrrry lucky to live in Europe. If you can buy your way into Austrian you will have a good life. You must be 120% commited because in Europe it is challenging to get your ratings but once they are done you will be in a shiney CRJ at 200 hours as opposed to here in the U.S where many fly a C-152 at over 2000 hours.
Good luck and NEVER EVER COMPLAIN once you are in that seat.