A 17-YEAR-OLD whizzkid forecast Spain’s largest ever bankruptcy after the world’s second biggest auditors had given the business the all-clear.
Spanish schoolboy Pepe Balta, now 18, predicted energy giant Abengoa’s collapse in his 18-page economics paper.
Auditors Deloitte & Touche spent €20 million over three years auditing Abengoa’s books, but Pepe accessed the company’s 2012 and 2013 accounts on their website.
“If it doesn’t act quickly, Abengoa has a strong risk of going into suspension of payments,” Pepe’s report read.
Pepe scored full marks for his school paper and is now studying at Barcelona’s University of Medicine.
- Travelling to Spain? Don’t forget about online safety - 17 Jan, 2019 @ 14:56
- The gambling industry: Spain’s only economic hope? - 17 Jan, 2019 @ 12:00
- BREXIT: Ryanair gets new license to operate in UK in event of no deal - 13 Jan, 2019 @ 13:00
- ENTIRE village in Spain on Gwyneth Paltrow’s Christmas wish list snapped up by EXPATS for just €150k - 13 Jan, 2019 @ 10:00
- Flu EPIDEMIC to rock Andalucia next week as illness spreads through Spain - 11 Jan, 2019 @ 14:57
- Tunf Separates the Good Casino Bonuses From the Bad - 10 Jan, 2019 @ 10:44
- Children receive the Magi in the Sierra Nevada - 6 Jan, 2019 @ 18:16
- MEASLES breakouts on rise in Spain and Europe as fewer get vaccinated - 5 Jan, 2019 @ 14:00
- Can Real Madrid still win the La Liga – Champions League double - 2 Jan, 2019 @ 10:06
- Rio Sport is at the very peak of ski technology in the Sierra Nevada - 1 Jan, 2019 @ 13:36