The incoming government in Athens is already making waves: Greece's minimum wage will be hiked by 10%, to about €750 per month from about €680.

That's according to Syriza's new labor minister, speaking to the Greek TV station Skai.

It's not the only big change the new leadership is moving quickly on.

The government had previously been planning the sale of two-thirds of the Port of Piraeus, Greece's largest seaport. But that was immediately halted Tuesday, according to Reuters.

Greece's wide-ranging privatization program is a part of its bailout agreement, so it's yet to be seen how the country's major international creditors react.

Here's more from the Reuters report:

In a separate step, the deputy minister in charge of administrative reform, George Katrougkalos said the government would reverse some layoffs of public sector workers, rolling back another key bailout measure.

"It will be one of the first pieces of legislation that I will bring in as a minister," he told Mega TV.

They're not wasting any time.

Newswires reported Tuesday that German Chancellor Angela Merkel found the debate about Greece's debts "astonishing," presumably suggesting that she was not very happy with the idea of significant reductions. She's not the only one: Finnish Prime Minister Alex Stubb has voiced his disapproval, along with senior European Central Bank and European Commission functionaries.

The government in Athens still most likely has to negotiate an extension to its bailout to cover its immediate financing needs, and its rapid reversal of the previous government's austerity measures is likely to make those negotiations very interesting.



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