The ESA had a similar program in 2008, but the next round has not been announced yet it seems:

http://www.esa.int/Our_Activities/Human_Spaceflight/European...

Being an astronaut sounds pretty cool, but personally I don't even feel very comfortable in a plane, hence sitting in a rocket with 500,000 kg of explosives underneath me is not something I would really consider doing, independent of the fact that it's of course doubtful if I would even physically/psychologically qualify for such a task. I hope though that as I get older space travel will become both safer and more affordable, because I would really love to see our planet from outside its atmosphere, even if just for a minute.