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Weekend papers: Banking crisis looms larger than ever



 


The  continuing difficulties in the global economy and the unprecedented steps taken by European governments to shore up the banking system dominated the press this weekend.


 


In particular, the implications for UK property and the wider economy of the problems facing Germany and Iceland’s banking sector receive a lot of coverage.


 


The Observer predicts that the inability of Lend Lease to raise funds could force the government to take control of the 2012 olympic village.


 


The papers also ponder the implications of the latest cabinet reshuffle, including speculation that Margaret Beckett has been appointed housing minister to oversee the scaling back of the government’s more ambitious plans.



 


Elsewhere there is comment on the decision by Paul Myners, who has been chairman at Land Securities during a particularly eventful time in the company’s history, to step down and take up the role of City minister.


 


See below for a full listing of property news articles in the weekend papers.

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