Arteta was brutally honest in his assessment as he admitted results have been unacceptable, he took responsibility as well as the players and confessed he expected the club to have better progress.
Arsenal have lost their last three Premier League home games, they are stranded in 14th place and the defeat to Wolves on Sunday means it is their worst ever start to a Premier League season.
Gunners boss Arteta said: “When you lose two games, three games at home, three games, it’s like ‘wow’, it’s like having a stab here in your chest.
“It’s not acceptable and we have to change it – we can say ‘yeah but the referee did that, he didn’t score, we should have done that’ … but this is where we are, let’s change it.
“Even when we were winning we were still a long, long way from what I want. And when we’re losing you obviously see things even further.
“I expected to be a little bit further than we are in the table, a bit further than what we’ve done in certain games where we could have deserved more as well. But the worst thing is when you say: ‘what if, what if.’
“This is our reality, in the end we can find excuses and I hate to do that. We are here, let’s get out of this situation, let’s face that challenge and let’s move on, and that’s it.
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“The first one to take responsibility is obviously me, and then obviously all the staff, all the players.
“Let’s be supportive, be adamant and to be with the level of conviction that we’re going to to take this through together.
Arsenal face Rapid Vienna in the Europa League and will be the first Premier League club to welcome back fans into their ground – albeit for a European game – with 2,000 supporters allowed in to the Emirates.