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Response to Tansy_Gold (Original post)

Tue Aug 27, 2013, 06:00 AM

12. Start-Ups Fill Void Left by Spainís 26% Unemployment Rate

http://www.bloomberg.com/news/2013-08-26/start-ups-fill-void-left-by-spain-s-26-unemployment-rate.html

The rush starts at about 8 p.m. at La Infinito. Thatís when Antonio Rojas Fernandez and Paloma Perez Rodriguezís Madrid cafe usually fills up, typically keeping them busy until midnight.

While they have two part-timers to help prepare food and bus the dozen tables a few times a week, the couple hasnít taken more than a day off each since opening in May 2012, five months after they lost their jobs. She was a teacher, while he installed television antennas.

ďItís not easy, but itís working,Ē said Perez, 36, popping her head through a beaded curtain from the kitchen as the fruit blenderís whir covers the music. ďI tell people itís true I still have problems,Ē said Rojas, who is a year older. ďThe difference is that now theyíre the ones Iíve chosen.Ē
As Spaniards endure the worst economic crisis and deepest austerity measures in their countryís democratic history, start-up companies are proliferating.

Over the first seven months of the year, registrations of self-employed people increased by 21,992 while they fell by 6,826 over the same period a year earlier. The number of companies created increased by 8.2 percent in the first half as a 26 percent unemployment rate spurs entrepreneurship in a country where the government still accounts for one in six jobs.

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Tansy_Gold Aug 2013 OP
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LineReply Start-Ups Fill Void Left by Spainís 26% Unemployment Rate
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