Another article pointing out that Spain is not just relying on tourism or casino projects to get out of the mess. The tech and web sector won’t affect the coastal property market, but it’s one of the few areas where young people can find good job opportunities.
Foreign investors are drawn to Spanish tech companies, unworried by the crisis, as location is generally not important for start-ups planning to operate internationally.
Spain’s problems can even work to their advantage. While overall unemployment is just short of 25 percent, the highest in the euro zone, the rate among young people is double that. In short, unemployed talent can be contracted cheaply.
While the price may be low, the quality is not. Many of the entrepreneurs interviewed by Reuters studied at top universities abroad, especially in the United States and Britain, before returning home to Spain to work.