Bloomberg Businessweek

A Recovery That’s Not Micro Enough

• Spain’s tiny businesses have become a drag on productivity

• “They don’t have the will or the way to transform themselves”

Spain’s robust economic recovery hasn’t buoyed Ricardo Sainz’s half-century-old grocery store in Madrid’s working-class neighborhood of Orcasitas. Sales have fallen from roughly €25,000 a month ($27,000) before the recession began in 2008 to €10,000 today. And he expects them to keep slipping. His faithful older clients are dying, and younger

You're reading a preview, sign up to read more.

More from Bloomberg Businessweek

Bloomberg Businessweek6 min read
The Age of Zero
Free mutual funds. It sounds fishy—something that might be advertised on a late-night infomercial. But when Fidelity Investments unveiled two index funds without annual expense charges on Aug. 1, it was the real deal. And if you’ve been watching the
Bloomberg Businessweek6 min read
Private? or... Private?
Elon Musk wants to protect Tesla from twitchy public investors and short sellers. How would he finance the $82 billion deal?
Bloomberg Businessweek5 min readPolitics
Xi’s Summer of Discontent
Months after becoming leader for life, China’s president is seeing cracks around his veneer