New York, NY (PressExposure) May 17, 2010 -- The governments of Spain, Portugal, Greece and, soon enough, Great Britain, are likely to find it far more difficult to implement the raft of austerity measures necessary for deficit reduction than some commentators believe according to analysts at “Mann International”.

The firm’s view is that social unrest of the magnitude seen on the streets of Athens may take place in many countries; even in the UK. Spain announced this week that it would cut civil servant remuneration by 5% this year and freeze it in 2011 whilst making it harder for government workers to qualify for early retirement.

Britain is expected to try to slash £6 billion of expenditure this year alone although the new government has yet to say exactly how it is to “Mann International” believe that tax hikes may play a part.

Greece is likely to prove to be the most difficult egg to crack given the proclivity of its many of its citizens to avoid paying tax at every given opportunity.

“Mann International” analysts say that it is this doubt that is at the heart of investor fears over the ability of over-indebted EU nations to meet their obligations to the ECB and the IMF both of whom agreed a €750bn eurozone stabilization package this past weekend.

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