LOST
GENERATION
HUFFINGTON
10.20.13
FROM THE UNITED STATES TO
SPAIN, EXPERTS WARN THAT THE
SIDE-LINING OF MILLIONS OF WOULD-BE
CONSUMERS IS PLACING A SUBSTANTIAL
DRAG ON ECONOMIC GROWTH.
opted to open a bar in his neighborhood in Valladolid. “I had to
do something,” he says.
That decision made him something of a pioneer: Only 4 percent
of unemployed young Spaniards
opt to start their own businesses,
according to the 2012 Report on
Youth in Spain.
Jimenez didn’t have a single
euro to invest, so his parents
helped him out. “Getting financing
to start a business in Spain is impossible,” he says. “On top of that,
the paperwork you have to do is
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