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The Greek Current
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The Greek Current

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A podcast on Greece, Cyprus and the region brought to you by The Hellenic American Leadership Council and Kathimerini. Hosted by Thanos Davelis.

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Russia's hybrid war and Europe's far right turn

On August 4, a drone struck the wing of a Ukrainian aircraft at Germany’s Leipzig Airport and fell onto the tarmac. It failed to explode. Two more drones were also found nearby over the next few days. All the evidence has pointed to Russia as the main culprit, with German officials highlighting how the Leipzig airport attack followed a “well-established pattern of Russian hybrid operations in...

Greece lures hedge funds and rebuilds market trust while NATO looks to put Greenland saga behind it

At the height of the last decade’s financial crisis, Greece was not only struggling to keep capital in the country, but its borrowing cost was also sky high. Today, Greece is wooing the world’s leading hedge funds with a new tax regime designed to lure investors to establish substantial operations in Athens, and we’ve already seen it persuade billionaire Chris Rokos and the hedge fund...

The Houthis and the Red Sea crisis, Turkish threats in the Aegean, and political turmoil in Serbia

This week we’re traveling around the region, moving from the Red Sea to the Balkans.While the Iran war has disrupted energy flows through the Strait of Hormuz, the world’s attention shifted to another major global chokepoint at the mouth of the Red Sea this past week, the Bab-el Mandeb Strait, as Iran-backed Houthi rebels tighten their grip over this strategic maritime route and threaten Saudi...

Mitsotakis sets the stage for 2027, Europe's far-right dilemma, and a message of stability from Greece, Cyprus and Egypt

Prime Minister Kyriakos Mitsotakis stepped up to the podium at the Thessaloniki International Fair last Saturday to lay out his government’s economic agenda for the upcoming year in a speech that essentially set the stage for national elections in 2027.Aside from presenting a 2.2-billion-euro package for next year, he also laid out a roadmap to 2030 that includes reducing unemployment, raising...

Greece and Israel's €3B defense deal, Turkish-Israeli tensions, and the evolving debate over Greek tourism

On Monday Greek and Israeli officials met in Tel Aviv to sign the largest bilateral defense contract between the two countries, a deal worth just over €3 billion that will see the implementation of the Achilles Shield, Greece’s first multi-domain defence dome set to cover all of Greece’s territory.It’s important to note that this agreement also signals Greece’s intent to bolster its own defense...

The emerging Saudi-Turkey-Pakistan alliance, the GSI, and America's Mediterranean story

A week ago the leaders of Saudi Arabia, Turkey, and Pakistan signed the Mecca Joint Defense Agreement. The new defense pact has many in the region and in Washington scratching their heads, wondering what its goals are, whether it will trigger regional realignment, and what new risks it raises in an already volatile region where we’ve seen geopolitical rivalries deepen - whether it’s Pakistan’s...

Economic and political uncertainties, the specter of touristification, and the story of Greek shipping

With the summer season in full swing, it’s not just vacations, the islands, and pristine beaches that are top of mind for Greeks. Global uncertainty, crises in the Middle East, a cost of living crisis, and the specter of touristification remain key concerns, and tackling these challenges is going to be tricky as Greece inches toward national elections. The economy is obviously at the heart of...

Cyprus: 52 years of occupation, of peace efforts, and of the fight for justice

On July 20th we marked 52 years since phase one of Turkey’s invasion of Cyprus. For 52 years, Turkey has never been held accountable for this illegal invasion and occupation, for the division it imposed on the island, or for the lives and communities it shattered. Today, despite international condemnation, UN resolutions, and calls for negotiations, the Cyprus issue remains one of the world's...

The timeless appeal of The Odyssey, the Iran crisis, lessons from SYRIZA's rise and fall, and the Turkey-Egypt rapprochement

Christopher Nolan’s adaptation of The Odyssey hit the big screen this week. Whether you are a fan of Nolan’s work or not, the reactions and debates we’ve seen across the board remind us of Homer’s immortal appeal, and why the story of Odysseus’ return to Ithaca has captivated audiences around the world for three millennia. As Daniel Mendelsohn wrote recently, “The Odyssey is a remarkably...

Trump's arms sale to Turkey, Erdogan and the NATO summit, and 10 years since Brexit

In a few days Turkey will play host to NATO’s leaders for a high-stakes summit that some anticipate could be historic. The two main protagonists at the summit will be President Trump, who has consistently slammed NATO since his return to office, and Turkish President Erdogan, who is likely to use this summit to present himself as an indispensable ally and attempt to legitimize his harsh...

What does Trump's Iran deal mean for Greece, the region, and the global economy?

The big news of the week is undoubtedly President Trump’s deal with Iran to bring an end to the war that has seen the Strait of Hormuz, a critical chokepoint, shut for months. This agreement, as experts have been keen to point out, is just a start, creating a process for opening the Strait of Hormuz in the short run, and laying out a sixty-day timetable to address many other outstanding issues....

The landmark East Med Energy Center, Turkey's provocations in Cyprus, and protecting Greece’s natural landscapes

This week was one full of developments for the Eastern Mediterranean. Top of the list was the announcement in Houston of a major milestone for the region, as the US, Greece, Cyprus and Israel inaugurated the East Med Energy Center, putting into action a major provision of the landmark 2019 EastMed Act, a key priority of HALC. Earlier in the week the East Med Gas Forum was also in the headlines,...

Middle East conflict, Cypriot elections, and a controversial tourism project in Albania

With tensions running high in the Middle East, President Trump on Friday said Iranian leaders had not yet reached a deal with the US to end the ongoing war. President Trump has insisted that he’s in no rush to make a deal, and that he doesn’t care about how the ongoing war could impact the midterms. At the same time, fighting between Israel and Hezbollah is showing little sign of slowing down,...

Greek politics is shaking up as the country inches toward elections

Greek politics is shaking up, as it seems the shift into campaigning is kicking into a higher gear. A major shakeup is underway within Greece’s opposition, as this week saw Maria Karystianou, the popular former president of the Tempe victims’ relatives’ association, announce she is stepping into the fray with a new party. In the coming days we’re also expected to see a similar announcement from...

From NATO to "Clash Report": Transatlantic tensions and Turkey's global media operation

President Donald Trump’s recent announcement that the US would pull five thousand troops from Germany took allies by surprise. The latest comments, which came in the wake of European criticism of the Iran war, were followed by a threat to impose a 25 percent tariff on automobiles and auto parts from Europe, as the US President claimed on social media that Europe was not living up to its end of...