The book examines the socio-economic dynamics of the current economic crisis that have affected Southern European countries in general, particularly Greece and Spain. These dynamics have caused considerable effects in social, political and cultural level and have influenced the marginalised populations of both countries. This review tries to examine the social impact of the crisis on youth unemployment in Greece and Spain with particular focus on graduates of tertiary education and the constraints of labour market occurred due to the economic and political upheavals followed by the crisis. The increasing levels of unemployment, together with accumulative poverty phenomena and future uncertainty has direct implications on psychological well-being and triggers the danger of social and economic exclusion as has been investigated in the study. A further examination includes the political governance in national and European level during the crisis which have shaped the views of youth unemployed populations in both countries and occurred a shift from traditional politics.