Re: Re: Spanish Unemployment Rate


An interesting article here on how the crisis is forcing people to branch out on their own, after an initial drop in entrepreneurial activity.

The first two years of the current crisis – between 2008 and 2010 – saw a decline in entrepreneurial activity in Spain, according to the latest Global Entrepreneurship Monitor (GEM) report, produced in conjunction with IE Business School in 54 countries worldwide. But GEM also notes that last year saw a 35-percent increase in the number of people starting their own businesses in Spain, representing almost six percent of working-age Spaniards. This may sound like good news but GEM points out that this does not represent “economic recovery,” instead noting: “Entrepreneurial activity has increased because of need and unemployment.”