Hi,
I have had the same, graduated in July 2005 from an integrated course. Must have applied to almost every operator in Europe. So far only 1 interview in Germany, didn't get through due to the language (lack of technical German knowledge).
Indeed best way is to keep building your hours, I am currently doing sightseeing flights and photo flights in the weekends. And keep sending out your C.V, call, email (built that network).
The best of luck to all out there,
SBAB