How do you create jobs in a flailing economy? The answer is technology.

In the month of January, 238 people lost their jobs per hour, for a total of 177,470 new “disempleos.” Spain’s unemployment rate teeters at 24 percent, the highest in 16 years, and, in general, there are no government policies towards creating jobs, but rather maybe making it easier to lay off.

Yet Spain’s most important company, Telefonica, is adding 2,000 new jobs by summer.

By the end of July, Barcelona will be the first Spanish city to be fully fiber-optic