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Can start ups save Spain's economy?

2 May 2013 Last updated at 15:31 BST

The European Central Bank has lowered borrowing costs in an attempt to stimulate economies that use the euro, but what impact might this have in Spain?

The widely-expected cut to 0.50% from 0.75% is the first in 10 months, fuelled by concerns about a lack of economic growth and high unemployment in many eurozone nations.

From Barcelona, Pascale Harter reports on the outlook for small businesses in the harsh economic climate.