“Figures from the INE statistics office show that 53 percent of Spanish companies have no employees, as many can’t afford to hire full-time workers. That portion reached 55 percent last year. The total number of businesses declined for a fifth year in 2012, falling to the lowest level since 2005, the INE said in a statement this month.  The proportion of those people losing their jobs who decide to start a business has risen to 15 percent, more than three times the historical rate, said Carmen Sebrango, Randstad’s outplacement director in Spain.”

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

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