This seems to be a pretty accurate response of my Almisry brother to Ozgeorge's question directed to me.
There are also some minor details that could be added to the above:
-Phanariotism could also mean the custom of a bishop to sell his Orthodox flock/diocese to Papal Catholics, as a phanariote that headed the diocese of Dalmatia did at the end of 18th century - the areas sold are known to produce the worst butchers among Ustasha some century and a half afterwards;
-Phanariotism should also mean the interpretation that Orthodoxy support Freedom only occasionally, thus reducing the Freedom to the Rebellion against the powers that be and teaching about Orthodoxy as a Faith of captiveness and enslavement, while exactly the opposite is true - Orthodoxy is the Freedom.
-Phanariotism should not be equated with the teaching that "union of Orthodox must be embodied in the person of a head bishop...since the principle of Unity of the Holy Trinity is also the person of the Father". This novelty probably deserve his own name, while we are yet to see if those professing it will get the name of bartholomewites, of secretariedes, or something else.