Unemployment in the U.S. has been at high levels for years. But in Europe, unemployment rates in many countries are far higher as the continent faces a financial crisis that's every bit as severe as the one U.S. investors faced in 2008 and 2009.

In the following video, Fool markets analyst Mike Klesta talks with Fool contributor Dan Caplinger about three countries with particularly high unemployment rates. As Dan notes, even though the employment picture in Europe is ugly, one of these three countries has made some progress toward getting unemployment under control. Dan also weighs in with some investment ideas for those seeking to bet on a turnaround in Europe, with thoughts for both ETF investors and those who prefer individual stocks(NYSEMKT:EWI).