“Economic success stories are rare in recession-hit Spain these days but one can be found in the small northern Basque town of Arrasate, nestling in rolling green hills.Here lies the headquarters of Mondragon, reckoned to be the world’s largest worker co-operative. The name is the same as the town’s, when translated from Basque into Spanish.
The unemployment rate in the Basque Country is 15%, and lower in the province of Guipuzcoa, where Mondragon is based. The rate in Spain as a whole is now 25%.”
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