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The companies are in no danger of immediate bankruptcy.
Yet the cost of resisting would be even higher: immediate bankruptcy and a speedy exit from the euro.
Chrysler had just been saved from immediate bankruptcy by a $4 billion emergency loan from the American government.
At the same time, they sought to keep the coal industry from immediate bankruptcy by allowing companies to trade — that is, buy and sell — pollution permits.
It was also evident, however, that the government was not going to recall the loans it had made to G.M. and Chrysler, forcing immediate bankruptcy.
In a cabinet meeting earlier on Wednesday, Mr. Papademos said the main goals of his five-month administration, to secure a second bailout for Greece and "avert the risk of immediate bankruptcy," had been achieved.
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He said there was already some thought being given to providing more aid to the airline industry, which was given $5 billion in cash assistance and $10 billion in loan guarantees last week to avert the threat of immediate bankruptcies.
Back home, the state's highest court had thrown out the moratorium on debt repayment, demolishing the city's immediate bulwark against bankruptcy.
American Airlines seems to have ducked the threat of an immediate trip to bankruptcy court, and even had American filed, his miles would have been safe.
"In the last two months, I have definitely noticed much greater interest in immediate hiring in bankruptcy groups and an interest in staffing up even if the departments aren't exceedingly busy yet," said Jeff Schneider, president of Schneider Legal Search in New York.
This month, the authorities in Rhode Island said the City of Central Falls could face bankruptcy if immediate, drastic changes — perhaps the city's annexation into a neighboring municipality — failed.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com