Considering the number of airlines in the UK alone (leaving the rest of the EU out of the situation) that have gone under or are about to, I'd say the end of the decade was about right. As fewer airlines exist, fewer jobs will be made available. Those airlines do grow to fill a void that doesn't exist (due to lack of consumer demand in the former market) will simply work existing crews harder. The european boom is bust. Contraction is the new normal and carrers in other parts of the world are generally looking for experienced pilots. Not every UK or EU or US pilot wants to work in the Middle East or Asia.
@Artie Fufkin whilst I agree that nationalisation programmes exist in your mentioned states, the picture isn't all that rosy either. Take the numbers of Indan pilots from Kingfisher all looking for jobs. Not all of them will be successful by a long shot.