Older sister (part 1)
Among the inhabitants of the Principality of Monaco, a legend is known about how the distant ancestor of Grimaldi rejected the harassment of a certain lady who turned out to be a sorceress. In revenge, she cursed the whole family, prophesying that there would be no happy marriages in this family. Be that as it may, of the current generation of the princely family, only the 46-year-old Princess Caroline was lucky in her personal life – and even then on the third attempt, when she married the Prince of Hanover. Ernst-Augustus, a native of the old family, the owner of magnificent castles in the north of Germany, is the godfather and grand-nephew of the Queen of England, as well as cousin of Queen Sofia of Spain and the Greek king Constantine. It was precisely such a party for daughters that Princess Grace dreamed of – the former Hollywood star Grace Kelly. Continue reading
About the tax-free system and the construction boom
For the first time, the principality seriously thought about the possibility of a financial catastrophe in the twenties, when the decline of the gaming industry sharply reduced the income of the dwarf state.
Jules Richard – as it turned out, a connoisseur of the local economy – willingly undertook to talk about how the principality managed to get out of a difficult situation.
We sat at the table of a small cafe on the promenade of Monte Carlo. My interlocutor sipped a beer from a tall glass and began like this:
– The prescription drug was found in a law containing two articles: the first one said that Monegasques living in France are subject to the tax system of France, not Monaco; the second article said that the French living in Monaco are subject to the laws of taxation of the principality and do not pay taxes to France. Continue reading