Quantity of paper around AGM complicated situation (8)

I believe the answer is:

quagmire

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'complicated situation' is the definition.
'quagmire' can be an answer for 'situation' (I have seen 'Awkward situation' mean 'quagmire' so perhaps 'situation' could also mean 'quagmire'). I'm unsure of the 'complicated' bit.

'quantity of paper around agm' is the wordplay.
'quantity of paper' becomes 'quire' (unit for a large amount of paper).
'around' is an insertion indicator.
'quire' going around 'agm' is 'QUAGMIRE'.

Can you help me to learn more?

(Other definitions for quagmire that I've seen before include "Wet bog" , "problematic situation" , "Boggy ground" , "You can get bogged down in this" , "Area of soft boggy land" .)

I've seen this clue in The Times.

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