Can Europe resist Greece’s charm offensive?

Greece's new left-wing government has begun a charm offensive across Europe in an effort to drum up support for a new debt deal -- even from tough pro-austerity Germany.

The tour began on Sunday, when Greece's Finance Minister Yanis Varoufakis visited France to meet the country's Finance Minister Michel Sapin.

In a press conference following the meeting, Varoufakis said Athens had to wean itself off debt and did not want to accept more loans; Greece had resembled a drug addict in recent years, he said, waiting for another dose of aid.

The anti-austerity Greek government and its leader Alexis Tsipras are on a collision course with the country's international creditors, and have insisted that at least a third of Greece's debt be written off. Making matters worse, the Greek government announced it was scrapping the country's privatization agency on Friday.

During a visit to Cyprus on Monday, however, Tsipras said his government would would make full use of a mandate for negotiations with European partners and ruled out seeking aid from Russia, Reuters reported.

Despite being in power for just one week, the new Greek government has already started to reverse a number of unpopular austerity measures – such as the privatization of public assets and firing of public sector workers -- that were a condition of its bailout, overseen by the European Commission, European Central Bank and International Monetary Fund.

This is likely to have angered its creditors, and could make negotiations much tougher -- and spook investors even more. Greek stocks have plunged almost 10 percent over the last week although on Monday, the Athens stock exchange was trading up 4 percent. The yield on its 10-year government bonds is currently at 11.1 percent as concerns grow that Greece could default.