“I had the choice of either staying at home bored, risking depression or deciding that I have to move ahead. I decided to move ahead,” Luis told AFP. The crisis sparked by the collapse of Spain's building boom had wiped out a lot of self-employed entrepreneurs: 625,000 between 2008 and 2011, says Lorenzo Amor, president of the small entrepreneurs' association ATA.
“The only sector which created jobs in Spain in last year was self employment sector. But unfortunately 50 % of it could not continue beyond three years,” said Lorenzo Amor, president of the small entrepreneurs' association ATA.
During the year 2012 the unemployment rate went too high and with this the rate of self-employment increased by fifty-three thousand as per the registration records of the government. These entrepreneurs created 72,000 jobs.
Among its various emergency reforms to encourage self employment, the conservative government is working on a law to cut the red tape for people launching their own businesses.
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