I found a French franc this morning, a relic from a holiday i enjoyed in the 1990's. I think i will keep it, it might be worth something by 2013.

As the French president this week pointed out "the crisis is not finished" and he's right the future for the euro is still far from sure. The problem is many members of the euro are struggling to repay the debts they owe, which means borrowing is expensive and the threat of default is high.

But what dose this mean for the youth of europe? Well as has been seen throughout 2011 public spending will continue to fall as governments struggle to get their debts under control. This has already lead increases this year in the price of train tickets and university tuition fees, to mention just a few of the services which young people use that have been effected.

But should the crisis deepen and countries such as Italy, the eurozones 3rd biggest economy, default on there repayments the impact could go much further than the public sector services and government subsidies. The worry is that the pattern of rising youth unemployment, already at it highest in decades in the uk, could continue to rise. This would be likely if the private sector, which is highly vunerable to the problems of the euro, is crippled by defaulting and struggling governments.

So the outlook for 2013 is unfortunately not a happy one, nothing in economics is set in stone and the future of the euro could be bright, but if you to come across a franc anytime soon don't throw it away just yet.