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Over the first seven months of the year, registrations of self-employed people in Spain rose by 21,992 while they fell by 6,826 over the same period a year earlier. Thanks to necessity entrepreneurship – people who create a business to exit unemployment rather than by opportunity – the number of companies created increased by 8.2 per cent in the first half as a 26pc jobless rate spurs entrepreneurship in a country where the government still accounts for one in six jobs. ...

The eurozone’s record unemployment rate of 12.3pc by end-2014 expected to hit young people the hardest, with huge disparities between Germany and hard-up countries such as Spain and Greece, according to OECD forecast ...