Why is Monaco resistant to the Council of Europe’s anticorruption transparency recommendations? Monaco seems to have mostly flown under the radar of international corruption monitors. This article, published on the Global Anti-corruption blog, gives an interesting explanation of Monaco’s resistance to anticorruption initiatives.
Monaco, the sovereign city-state on France’s Mediterranean coast, is many things. It is the second smallest country in the world, following only Vatican City. It boasts the highest GDP per capita of any country. It is a constitutional monarchy, ruled by the same family for over 700 years. It is known for its opulent casino, expensive real estate, and swaggering F1 drivers.
It is also willfully resistant to the Council of Europe’s anticorruption transparency recommendations – or any transparency measures at all, for that matter.