PARIS (AFP) - International media expressed dismay Monday over the dramatic escalation of Israel's Gaza offensive and condemned the world's failure to formulate a diplomatic response. As Israeli troops battled Hamas fighters in Gaza, newspapers from London to Sydney lamented the 10-day attack which has left hundreds dead and voiced fears it had torpedoed attempts to build a lasting peace. Britain's Financial Times said Israel was taking a "dangerous gamble" that would probably cut the number of rockets fired from Gaza, "but if Israel proposes to cut the heart out of its most implacable Palestinian opponents, it will fail." With French President Nicolas Sarkozy due to arrive in Israel for talks, France's Le Figaro said the work needed to repair the situation after the assault was "beyond the ability of any one man or nation." The Frankfurter Allgemeine Zeitung, one of Germany's leading dailies, said the ground attack launched Saturday "clearly represents a dangerous escalation that is erasing all hope of a rapid ceasefire." The broadsheet questioned whether there is any "serious and sufficiently credible mediator who can influence both sides" in the conflict. Angry headlines were blazoned across newspapers in the Middle East. Under the title of "The Gaza Holocaust," Saudi daily al-Madina wrote, "Israel, which is now presenting re-enacted images of the Holocaust, ... is playing the role of the executioner." In Lebanon, the pro-Syrian As-Safir said Arab regimes had let the people of Gaza down by not overcoming divisions and presenting a united front. "The Arab regimes cannot wash their hands of their part of the responsibility in the flood of bloodshed in the Israeli war," wrote the paper's editor-in-chief. La Tribune in Algeria took issue with the UN Security Council's failure late Saturday to agree on even a statement against the Israeli operation. "What keeps today's Arab nations from pulling out of the United Nations, even if that is only a symbolic gesture?" it said. Italy's La Stampa also joined calls for Europe to take action to halt the crisis. "Now more than ever, Europe needs to forge a common strategy and then intervene in a difficult crisis that is exploding not far from its doorstep," it said. Meanwhile, Pakistan's influential Urdu-language Nawa-e-Waqt said: "The time has come for the Arab and Islamic world to jointly sever all ties with Israel." The Australian newspaper said Israel's assault appeared to be using military force as "one among other weapons in the diplomatic arsenal" but was still taking an enormous risk. Peru's leading paper, El Comercio, said "hell has come to Gaza" and that one-day Israel as well as Hamas "will have to face a day of reckoning."