Class of 2012: Young Spaniards launch

Class of 2012: Young Spaniards launch startups
Associated Press

In this Monday, Feb. 25, 2013 photo, from left, architects Juan Francisco Lopez, Mar Parreno and Mario Perez, three of the founders of the Factoria 5 digital design company, work in their office in Madrid. In a sparse office measuring just 42-square meters, or 452-square feet, in downtown Madrid, five young Spanish architects who counted themselves among the nation's huge ranks of jobless sit almost elbow-to-elbow in their communal space _ glued to computer screens as they create 3-D animated videos and virtual tours of commercial and residential construction proposals for far-flung sites in Britain, Panama and Malaysia and Zambia. In February, the founders took home 2,000 euros ($2,700) each for the projects they delivered. That's good money for professionals in a field so devastated by Spain's busted building boom that many of the university classmates the Factoria 5 crew graduated with a few years ago are working abroad, unemployed or have given up on the profession. (AP Photo/Daniel Ochoa de Olza)

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