Of course I was taught PFLs, EFATO and stall+spin awareness before I went solo. Could I have handled an emergency? Probably, yes, just about.
Now, 200 hours later, I could handle an emergency much better. And in 200 hours time, I hope I'll be able to handle an emergency better than I can now.
There's obviously more risk of a pilot being getting into trouble (whether it be an emergency or a botched landing or encountering traffic at a different speed or anything else) on his or her first solo than any other time, because of lack of experience. Instructors have a duty to ensure that the pilot is prepared for the most likely scenarios, but that can't possibly be a substitute for experience.
If you're not prepared to accept that level of risk, then flying probably isn't the right game for you. But if you're not prepared to realise that there's a risk, and do whatever you can to minimize it, then flying definitely isn't the right game for you.
FFF
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