paca, thanks for starting this thread. I'm deeply interested the governance and politics, regardless of nations, but particularily of Monaco right now. I'm curious about how his dual nature - child of both the United States and European traditions - will influence the direction of Monaco. I've been seeing your frustration with what appears his lack of interest in Monaco and I'm wondering if that feeling is widespread in Monaco. Historically speaking, the ruling Princes of Monaco haven't spent a great deal of time in the country - Prince Rainier was an exception. Is it necessary for the reigning Prince to be there at all times or is it possible that this is just what people have to come expect?
Also, thanks for the translation of the speech. I'm curious - do you know who wrote it? This speech doesn't really say much of anything. It is not a blue-print of where the Prince intends to take Monaco, but just a general overview. There are some solid points, but mostly it's ephemeral.
It is my firm intention to contribute towards making Monaco one of the world poles in financial engineering, by adding management skills to the already renowned banking skills. Monaco must develop state of the art know how in this domain to render our private equity pole capable of operating efficiently on all markets. Our talents in this domain exist but are still insufficient in number.
I'm an accountant and programmer, so this intriqued me on several levels. I'm not sure where he's going with this thought process however. A stock exchange? Private asset management (which Monaco already does)? Humanitarian asset management? His next sentenance:
We must encourage exceptional education and develop existing networks so that Monaco becomes one of the world leaders on the financial markets.
Leads me to believe he'd like to take Monaco into either developing a back-bone structure of internet trading and data-warehousing and security and/or setting up an independent exchange for Monaco (your country probably relies on the CAC, with other European Exchanges being secondary). Has any work gone into this, that you're aware of?
I intend however that ethics remain the backdrop for all the actions of the Monegasque authorities. Ethics are not divisible. Money and virtue must be combined permanently. The importance of Monaco's financial market will require extreme vigilance to avoid the development of the type of financial activities which are not welcome in our country. To avoid such deviance; Monaco must function in harmony with all those organizations who share the same aim. Monaco must therefore respect the requirements of FAFT-GAFI (Financial Action Task Force on Money Laundering) and the tax authorities and in particular the French and American tax authorities, and respect all the other good practices in the control of financial flows.
Well, Mark Thatcher was denied residency in Monaco, so there's a plus
but has anyone else?
The reality is, money laundering will always be a problem in every country, not just Monaco. Where the human mind has a will, it will find a way. I find it interesting that he includes the US tax authorities - I'm guessing this is about terrorism funding.
Monegasques are people of quality. These qualities will be developed even further as I will put the accent on knowledge, know how, imagination and the extraordinary power of thought.
I will do what is necessary, in particular by organizing symposiums and think tank seminars which will have a great impact. They will bring to us not only additional intellectual resources to those we already possess but they will also make our country a real thought forum on the major subjects and preoccupations of the contemporary world.
Ephemeral - it's high-minded, it sounds good, but what is going on that shows he's (or the government) working on this? I know there have been conferences in Monaco since this speech, but is anything concrete coming from them?
a country where a part of this wealth contributes to a better world : 4% of our state budget is profitable to humanitarian and social projects overseas, specially in Africa.
I'd give a lot to see the State budget, geeky number freak that I am
I also intend to ensure that Monaco ratifies the Kyoto Protocol as soon as possible.
He has accomplished this. However, most experts agree the Protocol is deeply flawed and needs to be re-written. Is he working on this in conjunction with other countries?
I know Monaco is not a part of the European Union per se, except through it's ties with France. Do you know why this is? Also, the European Charter is unworkable for many, many reasons. It's similar to our Articles of Confederation prior to the writing of the Constitution. Is the Prince working with other governments to rectify this problem? I think it's an area he, with his experience in international diplomacy (mostly the IOC and UN) amoungst other things, might be good at and it would be good for Monaco to be seen as taking a deeper interest in European Constitutional life.
You said:
Yes he has signed the treaty, but in contrast to this stands the fact that MC has an inciniary plant which is substandard and will not be closed before 2020 to warrant the millions that have been invested to modernize it (it was clear already then that it would not be possible to ever bring this plant up to standard and PA is very well aware of it. There is a petition of the habitants of Fontvielle who complain about nasty fumes especially on the weekends which makes it impossible for them to move outside).
Trash is one of the most troublesome issues governments face. No one wants it. Who is responsible for the plant you now have? Is it possible for some of the trash to be shipped to France or Italy for incineration? Naturally, this would be costly... what isn't - or has this already been explored?
The translations of M. Biancheri's resignation and the reasons for it have left me more confused than anything else - can you hit the highlights of what the problems are?
There shouldn't be the slightest doubt about the integrity of gov. members, especially since justice has had a seeing eye in MC in the past.....
You should be glad you're not living in the United States
Otherwise, I agree with you. I would think that, given the Prince's stance on ethics, he would have accepted the resignation. However, as I said, I'm not completely clear on what the problems are.
pinklady1991, that quote "those who ignore history are destined to repeat it" is from George Santayana
You're right, if the COS is a really good one, having information and decisions sorted through him/her can really aide the process. A lot depends not only on the COS personality, but how others react to him/her. In M. Deslandes case, some of what we're reading may be that he's not comfortable with this system or this person.