Emmanuel Macron’s Support for Closed Schools Celebration in Monaco Amid Financial Cyclone: Understanding the Monegasque Financial System

2024-03-14 15:22:26
Closed schools, support from Emmanuel Macron: everything is planned to give a glimpse of popular fervor, while the Rock is in the eye of the media and financial cyclone.

It is officially a citizen association called Objectif Monaco which invites people to celebrate the 66th birthday of Albert II of Monaco, this Thursday March 14 at noon on the square of the princely palace. In wild terms: “A public demonstration, spontaneous and festive, to demonstrate to the sovereign the attachment and affection of the population.” Before clarifying in all seriousness: “Be careful, discretion is required to maintain the element of surprise as much as possible.” A huge joke, because the public authorities have closed offices and even schools for two hours, so that adults and children can travel en masse.

Objectif Monaco nevertheless specifies the context, namely “a busy media period”, with the French and international press multiplying in recent weeks the revelations on the financial, real estate and legal underbelly of the Rock, little credit to the princely family. Pierre-Olivier Sur, lawyer for Claude Palmero who was the Grimaldi’s big financier for more than twenty years, brutally ousted and who has just taken the matter to the European Court of Human Rights, denounces a “Putinian staging designed to put people back in the saddle the image of Prince Albert.

Understanding the Monegasque financial system

France, via its ambassador to the principality, Jean d’Haussonville, joined in the celebrations with a most laudatory interview published in Monaco Matin. The French diplomat affirms “the full support of the President of the Republic for the sovereign prince, not only in the friendship of our secular treaties, but also in a relationship of personal esteem and trust between the two heads of state”. The ambassador even announced a state visit by Emmanuel Macron to Monaco at the end of the year, the first of its kind since François Mitterrand in 1984.

In short, let us embrace Folleville at a time when Moneyval (which depends on the Council of Europe) and the Financial Action Group (which depends on the OECD) are in the process of examining the Monegasque financial system, their final report being able to possibly leading to placing the Rock on the gray list of so-called non-cooperative countries in the fight once morest money laundering. Jean d’Haussonville seems to temper the problem: “Emmanuel Macron’s vision of Albert II is that of a modern man, a man of reform, particularly on the issues of financial transparency.” When Objectif Monaco praises its “commitment to sustainable urban planning.” We will still wait for the Moneyval report to form an opinion.

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#Monaco #highly #orchestrated #birthday #embarrassed #Prince #Albert #Libération

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