State losing sight of real banking catastrophe

AS the storm rages over the golden circle and the €300 million share purchase in Anglo the real economy still continues to go down the tubes.

This week a fresh report into the economy warned unemployment could go above 13%, while some fear 500,000 could be out of work by the year end.

With the opposition determined to nail Taoiseach Brian Cowen over the Anglo €300m share deal, which now has to be picked up by the taxpayer, other critical banking issues need to be resolved.