### Clue: Dangerous situation created by papers about yearly meeting (8)
### Answer: QUAGMIRE 
 ### Explanation: Definition: Dangerous situation
 QUIRE(a quantity of sheets of paper) **containing**(about) AGM(abbrev. for "annual general meeting", a yearly meeting of, say, shareholders).
Defn: … from the literal meaning of an area of soft boggy land that gives way under you.