If I may. As Moderator of the Wannabes Forum I have a little insight into the current recruiting market in Europe for low time (under 500hrs TT) pilots.
Things have been very good for the last 3 years. At the moment things are markedly slowing. Interviews are happening but they generally end up filling holding pools more than they did last year.
If there were a shortage of JAA low time licensed pilots then it would be news to most Wannabes who are ALL toying with paying for their own type rating. Ryanairs terms and conditions are well worth inspection in this regard. If you harbor thoughts about your son or daughter entering a flying career you will be disheartened. To say the very least.
I see no shortage of pilots.
WWW