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Economy
In reply to the discussion: STOCK MARKET WATCH -- Tuesday, 27 August 2013 [View all]xchrom
(108,903 posts)12. Start-Ups Fill Void Left by Spain’s 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. Thats when Antonio Rojas Fernandez and Paloma Perez Rodriguezs 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 hasnt 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.
Its not easy, but its working, said Perez, 36, popping her head through a beaded curtain from the kitchen as the fruit blenders whir covers the music. I tell people its true I still have problems, said Rojas, who is a year older. The difference is that now theyre the ones Ive chosen.
As Spaniards endure the worst economic crisis and deepest austerity measures in their countrys 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.
The rush starts at about 8 p.m. at La Infinito. Thats when Antonio Rojas Fernandez and Paloma Perez Rodriguezs 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 hasnt 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.
Its not easy, but its working, said Perez, 36, popping her head through a beaded curtain from the kitchen as the fruit blenders whir covers the music. I tell people its true I still have problems, said Rojas, who is a year older. The difference is that now theyre the ones Ive chosen.
As Spaniards endure the worst economic crisis and deepest austerity measures in their countrys 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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