| Monaco, officially the Principality of Monaco is a tiny sovereign state located in Western Europe. The territory lies on the northern coast of the Mediterranean Sea and is completely enclosed by France. Monaco is regarded as a tax haven and the majority of its inhabitants are millionaires from foreign countries.
Monaco is a Constitutional Monarchy and Principality with Prince Albert II as head of state. The Grimaldi family has ruled over Monaco since 1292 and the state's sovereignty was officially recognised by the Franco-Monegasque Treaty of 1861. Despite being independent Monaco’s defence is still the responsibility of France.
Monaco is the world’s most densely populated country and is the smallest French-speaking country.
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