For making pancakes, blend eggs, milk, water, flour, a pinch of sugar and a pinch of salt. The mixture should become uniform and the density of boza. Pour the prepared mixture into a bowl. Puree red peppers with olive oil, garlic and basil. Add them to the mixture for pancakes with chopped olives and mix well. Fry the pancakes in a frying pan until they turn brown tan. To prepare the sauce, mix the strained yogurt with grated feta cheese. Season them with salt, chopped basil and garlic dry. Serve the pancakes with a sprig of basil.