Monaco: Wall of Ridicule

In 1511 an Italian writer named Niccoló Machiavelli journeyed to Monaco to gather material for a book by watching the agile Grimaldi rulers in action. Last week the incumbent Grimaldi, Prince Rainier III, could have used a couple of guileful hints from Machiavelli's The Prince in his squabble with France's Charles de Gaulle.

What set Rainier and De Gaulle at odds was Monaco's long standing as a tax haven, a situation that dates from 1816, when the reigning prince sold off some acreage and put the proceeds in a fund to cover...

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