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package cost cuts and tax increases brings avalanche of criticism in Italy and the French and German leaders prepare for discussions to resolve the debt crisis

the political future of Silvio Berlusconi is on the line after the outbreak of the rebellion in their ranks in a harsh new ? 45.5bn package of tax cuts and increases to eliminate the budget deficit in Italy in 2013, to protect and reassure the markets European Central Bank.

regional governors loyal to the Prime Minister in waiting prior to regret the consequences for local services, with the governor of Lombardy, Roberto Formigoni, calling the cuts "unsustainable", Veneto Governor denouncing them as a Luca Zaia "error" and the mayor of Rome, Gianni Alemanno, describing them as "unacceptable."

Among the Italian press react to the new tax increases "solidarity" high-income Italians

Il Giornale

- owned by Berlusconi's brother - was the most ferocious, more difficult to say "We are angry" in an editorial on its front page saying that the PM and beat his own electorate.

same Berlusconi seemed a shadow of its exalted the Friday before announcing the austerity budget of Italy second in as many months, blaming the global economic crisis. He said: "Our hearts bleed when we think of the good things that this government has never put their hands in the pockets of Italians."

for the Italian newspaper

La Stampa

, cuts and tax increases, which must now be approved by parliament, are another nail in the coffin scandal-weakened Prime Minister. "The funeral was held at the head of man and man were buried the same - Silvio Berlusconi," he writes

hastily prepared to meet the European Central Bank intervened to buy Italian bonds last week after interest rates soared, the cuts have been criticized for threatening to stifle economic growth in Italy most in need. But the decree also contains measures to liberalize the Italian economy is dying, considered the best way to increase GDP and the work of some debt of ? 1.9tn Italian public, which has soared since the arrival Berlusconi to power.

After a week of grinding on the nerves that French banks were hit by rumors of financial problems and the official figures have revealed that the French economy stagnated in the second quarter, Sarkozy is ready to show he is the head of a comeback.

But experts are pessimistic that the meeting will lead to a solution to market fears about the solvency of a growing number of countries in Europe.

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