Newspaper review: Financial fears dominate papers

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Media captionA look at the first edtions of the UK papers

The panic gripping the world's financial markets is reported widely in Saturday's papers.

At the end of what the Financial Times calls a "grim week", the Independent's front page asks, "Where are you EU". .

The Daily Mail accuses German Chancellor Angela Merkel and French President Nicolas Sarkozy of being in denial about the eurozone debt problem.

Sam Fleming, in the the Times, says a lack of global leadership is pushing markets towards a "2008-style cataclysm".

Concerns that a lack of leadership on both sides of the Atlantic is exacerbating the panic in financial markets is felt keenly in the papers.

The Financial Times likens the current situation to a horror film.

Prime Minister David Cameron and his cabinet must roll up their sleeves and get back to work, argues the the Daily Mirror.

And the Daily Mail says the way Mr Cameron and Chancellor George Osborne respond to the crisis will either "make or break their government". .

David Cameron has been overruled by Home Secretary Theresa May in wanting the former police chief of New York and Los Angeles to take over as head of the Met, the Daily Telegraph reports.

Bill Bratton has been praised for cutting crime and gang warfare during his time in both cities.

He reportedly indicated that he would be interested in becoming the new Metropolitan Police Commissioner.

But the Telegraph says Mrs May was uncomfortable with the idea.

The Sun and Daily Express describe how a mystery artist in Kent has attracted attention by correcting spelling and grammar mistakes found in graffiti.

"Grammar man", as he calls himself, uses a white marker pen to amend bad punctuation and to write comments.

Meanwhile, the back pages look ahead to the start of the new football season.

The Daily Star and Daily Mirror both focus on the possibility that Arsenal may lose two of its biggest stars - Cesc Fabregas and Samir Nasri.

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