The immediate object for which the fleet had been fitted out had been thus accomplished. But it seemed to Vignoso a pity that it should not be employed, and the Near East offered a tempting field for its activities. The condition of south-eastern Europe in 1346 might perhaps be paralleled with its situation in later times. An ancient empire, which Gladstone described as “more wonderful than anything done by the Romans,” enthroned on the Bosporos with one brief interval for ten centuries, was obviously crumbling away, and its ultimate dissolution was only a question of time. A lad of fourteen, John V Palaiologos, sat on the throne of the Cæsars, while a woman and a foreigner, the Empress-mother Anne of Savoy, governed in his name. Against her and her son the too-powerful Grand Domestic (or, as we should say, prime minister), John Cantacuzene, whom posterity remembers rather as an historian than as an Emperor, had raised the standard of revolt. In Asia Minor Byzantium retained nothing but the suburb of Scutari, Philadelphia, and the two towns of Phocæa. Independent emirs ruled the south and centre, the Ottomans the north, whence in seven years they were to cross into Europe, in eight more to transfer their capital to Adrianople. Already the European provinces of Byzantium were cut short by the frontier of the Bulgarian Empire and still more by the rapid advance of Serbia, then the most powerful state in the Balkan peninsula. Seventeen days before Vignoso sailed for the East, the great Serbian conqueror and lawgiver, Stephen Dushan, one of the most remarkable figures in mediæval history, was crowned at Skoplje “Emperor of the Serbs and Greeks” and had proposed to Genoa’s rival, Venice, an alliance for the conquest of the Byzantine Empire. Greece proper, with the exception of the Byzantine province in the Morea, was parcelled out between Latin rulers, while Byzantium had no fleet to protect her outlying territories. Under these circumstances a commercial Italian republic might not unnaturally seek to peg out claims in the midst of the general confusion in the East, where only two years before Smyrna, formerly a Genoese colony, had been recaptured from the Turks.