some say that demand will increase significantly in the next few years with a lot of pilots going to the Middle East therefore opening up new first officer positions in western Europe
wrong, pilots go to middle east because they can not find jobs in Europe.
Why do you think US pilots fly in china? it' s because they can not find a decent job in their country.
Europe is doomed,3% recovery is not enough to create jobs so the next 5 years will be tough.