Friday 6 December 2019

The Punt: Ronan keeps it in the family

Johnny Ronan
Johnny Ronan
Jens Weidmann, president of the Deutsche Bundesbank

It's all still a family affair for developer Johnny Ronan. Filings at the Companies Registration Office show that his daughter Jodie has just resigned as a director of Ronan Group Real Estate.

Jodie currently describes herself on her LinkedIn profile as the chief operating officer of the firm, a role she had held since the end of 2012. But as Jodie departs as a director, her brother James has been named as a new director of the company.

His LinkedIn profile indicates he rejoined the Ronan Real Estate Group as development manager last month. Prior to that, he was a surveyor with Knight Frank for two years, and before that had worked with the family firm, of which their father isn't a director, but which he controls.

In 2009, just as he turned 21, James applied to Wicklow County Council for permission for a mansion on the grounds of the Goulding Estate in Enniskerry. Permission for the five-bedroom, four-storey house with a bar was refused.

Closer Europe? Don't bank on it

Two of Europe's top central bankers are pushing for what many would likely argue is a pretty unpopular concept at present - closer European integration.

Jens Weidmann and France's newly appointed François Villeroy de Galhau have penned an opinion piece in Germany's 'Süddeutschen Zeitung' newspaper setting out their desire for what they called a "comprehensive sharing of sovereignty".

This could include a common 19-member treasury and an "independent fiscal council" with a Eurozone parliament.

"While monetary policy has delivered a lot of support for the euro-area economy, it cannot bring about long-lasting economic growth," they wrote. "More integration appears to be the most straightforward solution to restore confidence in the euro area."

The creation of a finance ministry with an independent fiscal council and the authority to take political decisions would restore the balance between accountability and control in the Eurozone, the two argued, and claimed stronger integration is the obvious way to restore confidence. Are they reflecting public opinion in Germany and France? The Punt thinks that's doubtful.

Irish Independent

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