Silicon Valley's Solution to Spain's Unemployment Problem

Salim Ismail speaks in Hamburg on May 28, 2013 Photograph by Sven Hoppe/AP Photo

Even though Spain’s two-year recession ended in the third quarter, about 27 percent of its workforce is unemployed. The best way to tackle the problem? Encourage and train the country’s best and brightest to launch ambitious tech startups. The ventures that succeed will eventually hire lots of Spaniards and teach them skills the euro area’s fourth-largest economy needs to bounce back and get ahead.

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