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Ideally, the House would also accept a couple of additional measures being pushed by John Rockefeller, Ron Wyden and other Senate Democrats.
Thompson rejected such criticism, describing the measures being pushed through, including reducing senior management numbers by a fifth, and cutting the amount paid to talent, as "a massive programme of change".
"The measures being pushed through will exacerbate the position of pensioners and will lead them to poverty, to annihilation,» the head of the association representing IKA pensioners, Iraklis Anagnostopoulos, said.
This would all come on top of the existing measures being pushed through by Greek prime minister George Papandreou, which have prompted widespread strikes across the country in recent weeks.
France, Spain, Greece and Portugall are already in recessions, and Italy is expected to head into one as a result of belt-tightening measures being pushed by its new prime minister, Mario Monti.
Russia and China remain resistant to punitive measures being pushed by the US, Britain, France and – increasingly – Germany, but they are said to be pushing Tehran to enter substantive talks on enrichment in the next few weeks.
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Everyone from the UN to Nick Clegg had predicted social unrest if the austerity measures were pushed in time of recession.
Despite Silvio Berlusconi's announcement that he would step down as prime minister once austerity measures were pushed through parliament, a collapse of investor confidence in the eurozone's third-biggest economy sent interest rates in Italy to the levels that triggered bailouts in Portugal, Greece and Ireland.
The measures were pushed through under a provision that the tax cuts would expire at the start of 2011.
The measures were pushed through in a matter of minutes when lawmakers simply raised their hands, despite the protests of opposition deputies who had earlier blocked the speaker's platform to try to disrupt the voting.
Other MPs have advocated that measures be pushed even further.
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