The first financial tests of Syriza's audacious new policies for Greece loom – as it is still unclear who will concede ground on its debt pile first.
Alexis Tsipras, the new Greek Prime Minister, may end up banging his head off a wall of opposition from Germany, the biggest single contributor to Greece's bailout, who is staunchly against any debt relief for the struggling country.
On Friday, Reuters cited a source saying that Greece planned to refuse to allow a planned visit from its bailout supervisors in the European Union and the International Monetary Fund. The country's finance minister announced during the day that Greece would not be seeking to extend its bailout program.
The biggest bones of contention will be whether Greece can secure a nominal debt haircut, or even some further aid, and the halting of its privatization program, imposed by the troika of international bodies which oversee its bailout, agreed upon a few years ago.
The halting of the privatization program was seen as an early signal of intent by Tsipras, and caused shares of Greek banks to plummet this week.
On Friday, the country's new energy minister, Panagiotis Lafazanis, told Reuters that the government would cancel plans to sell a state-owned natural gas utility. This came after the sale of the lucrative Port of Piraeus, as well as shares in Greece's biggest refinery, Hellenic Petroleum, were scrapped.
"These announcements (on privatization) will satisfy the unions but scare away new investors," Miranda Xafa, CIGI senior scholar and chief executive of E.F. Consulting, warned CNBC.