On Wednesday, Arrington announced out of nowhere that he was lifting his own self-imposed moratorium on investing in tech start-ups, adopted in 2009.

FORBES: Arrington Makes a Mockery of AOL-Huffpo Ethics Policy

Spain's government has imposed tough austerity measures to reduce its debts, and does not expect the economy to start creating jobs until the end of the year at the earliest.

BBC: Spain's jobless level hits record high