The Greek Current

This week our theme is none other than elections. The midterms this week saw Democrats sweep into power in both the House of Representatives and the Senate in what many are calling a “blue tsunami” that is already upending the political scene in Washington, DC.

Tuesday’s Democratic wave also amounted to a stinging rebuke of President Trump’s policies, as voters frustrated by a cost of living crisis and affordability questions, high gas prices, and an intractable war with Iran, sent a clear message to the White House and the President, who repeatedly told voters on the camp...

“Geography cannot be rewritten … and sovereign rights cannot be erased by drawing arbitrary lines on a map.” Those were Prime Minister Kyriakos Mitsotakis words at the UN Security Council this week, as he held up a map showing Turkey and Libya’s “illegal” and “arbitrary” maritime deal.

This agreement is back in the headlines these days after Libya’s House of Representatives dropped its longstanding opposition to the deal and ratified it on October 20th. The international response was swift, with Greece, the EU, Cyprus, Israel, Egypt, Bahrain, and the UAE all condemning it. Even the State Department, which...

A weekend of widespread protests and riots in France has put the spotlight on the many challenges facing the country, from political paralysis to a looming debt crisis. Some pundits and observers are even asking if France, the Eurozone’s second largest economy, is the new Greece of Europe, an ode to Greece’s debt crisis in the 2010s. 

While this comparison misses the mark in many ways, Europe is on alert as France’s debt costs hit 25-year highs recently. Throw in social unrest, a 2027 presidential race with far-right and far-left candidates leading in the polls, and a t...

This week we’re turning our attention to the Horn of Africa, where a long-simmering conflict in Ethiopia recently exploded into open war. The situation is grim, but it’s not limited to Africa’s second most populous nation. Eritrea has been pulled into the conflict, Sudan’s civil war is right next door, and on the other side of the Red Sea the Iran-backed Houthis in Yemen continue to strike the Saudis.

Making an already complicated situation even worse, a number of regional powers, including the United Arab Emirates, Saudi Arabia, Qatar, Turkey, Egypt, and Israel are all...

Athens was buzzing this week as Secretary of State Marco Rubio visited Greece. His speech with the Acropolis in the background made headlines around the world, and his emphasis on Greece’s role as “a source of stability in an unstable world" and a “model ally” did not go unnoticed. 

Beyond Rubio’s comments, his visit coincided with the 6th US-Greece Strategic Dialogue, reflecting the excellent level of relations between the two countries and their commitment to deepening their already close ties and promoting regional stability. As discussions unfolded, defense and energy took center stage. 

On security...

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 Europe.” NATO Secretary General Mark Rutte, also said the alliance "stands in full solidarity with Germany", adding that “The evidence is clear.”

This incident has put a renewed focus on Russia’s...

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 Millennium Management to establish a presence in the country.

At the same time, Prime Minister Mitsotakis highlighted Greece's economic success and its progress on the fiscal front this we...

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 Arabia's oil exports.

With the Strait of Hormuz and the Bab-el Mandeb Strait under threat, the world is bracing for a potential squeeze on oil prices, while the...

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 the average salary and the minimum wage, and maintaining economic growth, all while drawing a clear line in the sand when it comes to the political and geopolitical dilemmas he believes will shape the upcoming election.

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 industry, a key priority for Athens, with at least 19 Greek companies already involved in the deal and accounting for more than €750 million of the program.

Aside from deepening ti...

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 rivalry with India, Saudi Arabia’s relations with the UAE, or Turkey’s continued provocations and threats against Greece, Cyprus, and Israel.

Beyond the security dimensions of this pact, the economic q...

Europe and Greece are once again under pressure, as crises largely outside their control have left many on the continent feeling exposed. This summer we have seen sweltering heatwaves, unprecedented wildfires, and a sudden migration crisis at Spain’s border.

After facing extended heatwaves last month, fires displaced more than 300,000 people in France and Spain, while firefighters in Greece tragically perished battling fires that have destroyed homes, habitats, and left a landscape covered in ash.

In Greece’s case, despite spending large sums on the latest firefighting aircraft and technology over the past years, and civi...

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 many discussions, and while Greece is on a much stronger financial footing today than in the previous decade, it will still need to move carefully if it’s going to weat...

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 longest-running unresolved challenges. While progress toward a solution has been elusive over the last five decades, reports indicate there is a new effort afoot to revive peace talks as UN Secretary General Antonio Guterres pre...

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 contemporary story not only because of its hero, but because of the nature of the world around him..” a “postwar world where the old certainties have disappeared.” Those watching current e...

President Trump caused a stir this week at the NATO summit as he praised the host, Turkish President Erdogan, and ⁠said he was willing to lift sanctions on Turkey and sell Ankara F-35 fighter jets. 

These comments saw an immediate reaction on Capitol Hill as members of Congress urged House Majority Leader Steve Scalise and House Democratic Leader Hakeem Jeffries to be prepared to use every legislative tool available to prevent Turkey’s reinstatement into the F-35 program, reminding them that US law prohibits the transfer of F-35s to Turkey unless Ankara no longer possesses the Russi...

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 crackdown on political dissent.

In the buildup to the summit we’ve seen President Trump approve a $700 million arms sale to Turkey of fighter jet engines, a move that’s seen a...

This week marked 30 years since Andreas Papandreou, the founder and longtime leader of the Panhellenic Socialist Movement - PASOK, passed away, and Greeks are taking this opportunity to reassess his legacy.

Consistently ranked among the most influential leaders of the post-junta era in Greece, Papandreou left his mark on Greek politics and society. Supporters will point to a charismatic leader who gave voice to the “unprivileged”, while his opponents slam him as a populist whose decisions continue to weigh on Greece. Regardless of where one falls on this spectrum, it’s undeniable that his impact on the countr...

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.

What will this mean for constraining Iran’s nuclear ambitions? How will it impact Israel’s war with Hezbollah in Lebanon? What will it mean f...

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, as ministers and senior representatives from Greece, Cyprus, Egypt, Jordan, Israel, Palestine, Italy, the US, and the World Bank sat at the same table in DC. The...

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, despite attempts by the Trump administration to broker a cease-fire between the two. 

These conflicts have sounded the alarm in Europe, especially in count...

On May 21st a Turkish court took the unprecedented step of removing the CHP’s elected leadership, led by Ozgur Ozel, the latest sign of Turkish President Erdogan’s tightening grip on the country. It’s also a sign that Erdogan intends to run for another term as president, and with Istanbul mayor Ekrem Imamoglu in prison, this move can only mean one thing: Erdogan does not intend to leave the result of a future election up to chance.

The opposition has vowed it will fight back, but the broader question is whether this is the last nail i...

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 former Prime Minister Alexis Tsipras as he looks to establish himself as the candidate that can unite the left and challenge New Democracy.

At the same time, Prime Minister Kyriakos...

Turkey is once again raising tensions in the Aegean and Eastern Mediterranean, this time putting countries in the region on alert as it prepares a “Blue Homeland” piece of legislation that would essentially enshrine Ankara’s maritime claims into domestic law. The move has Athens on alert, and the question everyone is wondering is whether Turkey is now turning its back on maintaining calm in the region - something that was agreed in Athens a few years ago.

Beyond the Aegean and its maritime claims, Turkey is also looking to flex its muscles on the commercial side. This p...

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 a trade agreement struck last summer. 

The two moves have experts and analysts wondering if this will further weaken the credibility of US deterrence in Europe, while at...

Last week Cyprus was at the heart of EU developments. For two days it hosted leaders from the EU, from the Middle East, and Ukrainian President Volodymyr Zelenskyy. Topics ranged from critical security issues and the war in Iran, to Europe’s engagement with the broader Eastern Mediterranean and Middle East.

On the security front, Cyprus is keen to make the EU’s Article 42.7, a mutual defense clause similar to NATO’s Article 5, work in practice. There is a new sense of urgency around this issue after Cyprus was targeted by drones amid the fallout of the Iran w...

Over the past weeks those watching the Eastern Mediterranean can’t help but notice that tensions are heating up between Turkey and Israel as Erdogan’s escalatory posture has some wondering what the wider risks are should this current war of words take on new dimensions. Questions range from what this will mean for US efforts to manage an already tense Middle East, to how this will impact Greece, which has developed close ties with Israel over the past decade and a half?

Deciding that he needed to chime in, we heard some headscratching remarks from US Amba...

All of Europe’s eyes were on Hungary this past weekend, where voters, in a historic election, brought Prime Minister Viktor Orbán's 16 years in power to an end. 

Orban’s close relations with Russian President Vladimir Putin, and his blocking of multiple EU initiatives - including an urgently needed €90 billion loan for Ukraine - had frustrated many across Europe. At the same time, he presided over a system that saw his party gradually gain control of much of the judiciary, bureaucracy, media, universities, and the economy, which sounded alarms for those concerned about democratic backsliding. 

Beyond...

Recently we marked 77 years since the NATO alliance was founded. Instead of celebrating this milestone, however, President Trump’s comments slamming NATO over its reluctance to help the US secure the Straits of Hormuz, including calling the alliance a “paper tiger” and saying NATO allies were “tested” and they “failed”, have left allies wondering if the future of the alliance is in doubt.

Given President Trump’s statements, could a US withdrawal from NATO be in the cards, and what would it mean for the US and for allied countries like Greece? 

James Lindsay and Ino Afentouli joi...

This past weekend, with Easter celebrations around the corner, Christians in Syria were once again the target of attacks that have rocked their dwindling community. This was the latest in a string of attacks since the fall of the Assad regime that have targeted members of the country’s Alawite, Druze and Christian communities, and many minorities - indigenous to the region - are asking if there is space for them in the Syria that’s emerging under President al-Sharaa. 

This attack also sounded alarms in Athens, and Greece is working to ensure that the protection of Chris...

Over the past weeks, Greece, like the rest of the world, has one eye on the ongoing war with Iran and is looking to see what this ongoing crisis, which continues to shake markets, will mean for the global economy. For Greece, these concerns include rising prices, the country’s dependence on imported gas and oil, and the possible impact this could have on the tourism sector as a prolonged crisis could affect  the upcoming summer season. 

This has prompted Prime Minister Mitsotakis to announce a package of support measures early this week that seeks to address many...

With the war in Iran dragging on, its ripple effects are being felt around the world. Beyond the clear questions around regional security, stretching from the Middle East to Cyprus and the Eastern Mediterranean, we are also in the midst of what could be an unprecedented and escalating global energy crisis as strikes on international shipping in the strait of Hormuz, which is critical to the oil and gas industry, have essentially shut this vital chokepoint.

The war is also testing transatlantic unity, as President Trump warned in a recent interview with the Financial Times that “it wi...

This week kicked off with Turkey announcing the deployment of a number of fighter jets to the occupied part of Cyprus, a move that not only represents a significant escalation in the militarization of the Eastern Mediterranean, where Cyprus has already been targeted by Iranian-made drones, but that may also violate US law.

This isn’t the only thing putting Cyprus in the headlines this week. Axios and the Financial Times reported Cyprus could potentially mediate talks between Israel and Lebanon after violence broke out between Israel and the Hezbollah militant group.

Turkey’s moves in t...

Given the incredible feedback we’ve gotten for our "I am HALC" profiles, we will re-release each feature as an individual episode so that you can easily find them and share them.

Today, we’re kicking off with our first “I am HALC” profile from January 15th, 2026, where we put the spotlight on Dr. George Chiampas, someone who is not just a national, but a global leader in emergency and sports medicine - whether it’s with US soccer, the Blackhawks, the Chicago Bears, the Chicago Marathon, and now the MLS - and is at the core of the wor...

On the last day of February the United States and Israel launched a major assault on Iran, killing the Iranian Supreme Leader Ayatollah Ali Khamenei and sounding alarm bells across the region. Those sirens also went off in Cyprus, which saw Iranian-made drones target Britain’s Royal Air Force base at Akrotiri, prompting a response from Greece and other European partners who deployed ships, jets, and air defense systems to Cyprus. The strikes on Iran also caught European leaders unprepared, and there are many questions - which we will dig into - about whether Europe can play a constructive ro...

This week marked 4 years since Russia’s invasion of Ukraine, and the start of a war that served as a wakeup call for Europe and the West. Since then, we’ve seen Europe take drastic steps to cut its ties to Russian gas, redrawing the region’s energy map. Greece has played, and continues to play, a key role in this story. At the same time, questions remain about European security, the continued Russian threat, and whether the Trump administration can deliver a negotiated peace. Finally, the war in Ukraine also brought the world’s attention to a murkier side of...

Over the past weeks we’ve seen some major developments in the region, with Greece stepping into the limelight. These include Greece’s announcement that it will send a special battalion to participate in the International Stabilization Force in Gaza, its decision to join the Board of Peace as an observer, and a key briefing hosted by the Eastern Mediterranean Knesset Caucus bringing together legislators and experts from Greece, Cyprus, Israel, and the US. At the same time, we’ve also seen Greece’s defense ties with Israel come under the spotlight as Athens looks to grow its own defense...

About a year into President Trump’s second term, it seems he is on a mission to rewrite the rules of trade, one deal at a time. His Liberation Day tariffs last year rattled markets, and his insistence on using them as a tool to pressure both adversaries and allies has left many - especially in Europe - in disbelief and wondering what’s next. 

Experts Edward Fishman, Maria Demertzis, Yiannis Mouzakis and Nick Malkoutzis join Thanos Davelis this week to take a closer look at this new age of economic warfare, and break down what it means...

Greece and Cyprus took center stage this week in Washington, DC, as HALC, the Delphi Economic Forum, and Kathimerini’s english edition once again brought top officials and leading experts together to highlight the important role both countries are playing in the Eastern Mediterranean, and the major opportunities - and challenges - ahead for Greece, Cyprus and the US. A few of the headline attendees included Cypriot Foreign Minister Constantinos Kombos and Greek Defense Minister Nikos Dendias, who engaged with leading think tanks, members of Congress, and US officials.

Lena Argiri, Nik Nanos, and Vassilis Nedos join Th...

Since its announcement, President Trump’s “Board of Peace” has made a number of headlines, and many in the region are asking if it can live up to its name, especially when it comes to the conflict between Israelis and Palestinians. As the President talks peace, he’s also raising the temperature with Iran, with a US aircraft carrier and warships approaching the region. More alarming however, is what seems to be an abandonment of Syria’s Kurds and the message it sends not just to America’s partners and allies, but to minorities in the region.

Thanos Davel...