We're at cross-purposes, the quote regarding hysterics was from G-AWZK's post.
The experienced pilots with whom I have spoken regard this job market as worse than 9/11. I should add that I have a couple of very good friends who qualified about then, both of whom went into instructing and/or flying air taxi, one of whom got lucky after 3 years and has now been flying jets for 5 years, but sadly the other found himself to old to get into the airlines and missed out.
There are a lot of personal factors which determine whether one can afford to persevere with the job market or take the Ryanair 'deal'. Personally, I know I've made the correct decision.