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> The most surreal being Monaco's sovereignty saved by Grace Kelly's fame as an actress moving American public opinion to pressure France not to swallow it. I'
by manuelabeledo 3y ago
> The most surreal being Monaco's sovereignty saved by Grace Kelly's fame as an actress moving American public opinion to pressure France not to swallow it.
I'm not quite sure that this was the case. Monaco was independent long before Grace Kelly married the incumbent prince.
The country is a tax haven, which seems to be enough for many micronations to survive.
- thsksbd 3y agoIndeed but DeGaulle blockaded the principality in 1962.
- manuelabeledo 3y agoNot to gain control of its territory, but for economic reasons [0] > In 1962, the crisis was triggered by a very technical provision on the nullity of share sales under certain conditions (Mourlane, 2005). The provision was introduced specifically to enable the state of Monaco to regain control on Radio Monte-Carlo (RMC) and Télé Monte-Carlo (TMC), two leading media outlets in France (Bézias, 2007). The French government owned the shares of the companies through various subsidiaries. This was a political matter: with the war in Algeria, media were closely controlled in France, so broadcasters from Monaco and Luxembourg (RTL) enjoyed more freedom and the right to air advertisement. The amusing fact is that the transmitters of RMC and TMC were located on a nearby hill… in France. > Organising more OECD workshops on double-taxation is certainly not as romantic as trying to starve Princess Grace Kelly, but, as de Gaulle said in 1944, “The most noble principles in the world live only through action“. [0] https://www.finance-watch.org/lessons-from-history-the-monaco-crisis-from-1962-1963-and-the-emancipation-of-tax-havens/ https://www.finance-watch.org/lessons-from-history-the-monac...