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In , a crisis developed when Charles de Gaulle blockaded Monaco, angered by its status as a tax haven for wealthy French. The most recent addition in Monte Carlo is the Monte Carlo Bay Casino , which sits on 4 hectares of the Mediterranean Sea and, among other things, offers slot machines, all equipped with " ticket-in, ticket-out " TITO ; it is the first Mediterranean casino to use this technology. Currently Monaco is subdivided into ten wards , with their official numbers; either Fontvieille II or Le Portier would become the effective eleventh ward, if built: [69] [73] [74]. There is also a small military force. These were ceded to France in return for 4,, francs. Monaco exhibits a wide range of architecture, but the principality's signature style, particularly in Monte Carlo, is that of the Belle Epoque. Monaco is known to be one of the most expensive and the wealthiest places in the world. These were blended to create a picturesque fantasy of pleasure and luxury, and an alluring expression of how Monaco sought, and still seeks, to portray itself. The princes of Monaco thus became vassals of the French kings while at the same time remaining sovereign princes. On 31 March , Rainier III, who was too ill to exercise his duties, relinquished them to his only son and heir, Albert. Monaco's military defence, however, is still the responsibility of France. The principality continued its existence as a protectorate of France until the French Revolution. One of Monaco's main sources of income is tourism. Until the Monegasque Revolution of forced the adoption of the constitution , the princes of Monaco were absolute rulers. Francesco, however, was evicted only a few years afterwards by the Genoese forces, and the struggle over "the Rock" continued for another century. The Grimaldi family hoped the newly legal industry would help alleviate the difficulties they faced, above all the crushing debt the family had incurred, but Monaco's first casino would not be ready to operate until after Charles III assumed the throne in The Blancs opened Le Grand Casino de Monte Carlo in and the casino benefited from the tourist traffic the newly built French railway system created. A amendment to the constitution abolished capital punishment, provided for women's suffrage , and established a Supreme Court of Monaco to guarantee fundamental liberties. In addition to their guard duties as described, the Carabiniers patrol the principality's beaches and coastal waters. Living standards are high, roughly comparable to those in prosperous French metropolitan areas. The House of Grimaldi has ruled Monaco, with brief interruptions, since The state's sovereignty was officially recognised by the Franco-Monegasque Treaty of , with Monaco becoming a full United Nations voting member in Despite Monaco's independence and separate foreign policy, its defence is the responsibility of France. It has taken some steps towards integration with the European Union. In , the Principality of Monaco became a member of the United Nations , with full voting rights. In , the Italian Army invaded and occupied Monaco, forming a fascist administration. The principality's city affairs are directed by the Communal Council , [59] which consists of 14 elected members and is presided over by a mayor. Monaco has never levied income tax on individuals , [92] and foreigners are thus able to use it as a " tax haven " from their own country's taxes, because as an independent country, Monaco is not obligated to pay taxes to other countries.{/INSERTKEYS}{/PARAGRAPH} The towns of Menton and Roquebrune , which had been the main sources of income for the Grimaldi family for centuries, were now accustomed to a much improved standard of living and lenient taxation thanks to Sardinian intervention and clamored for financial and political concession, even for separation. Under the constitution, the prince shares his veto power with the unicameral National Council. It is still, however, a monopoly. Each year many foreigners are attracted to its casino and pleasant climate. The treaty, endorsed in by the Treaty of Versailles , established that Monegasque international policy would be aligned with French political, military, and economic interests, and resolved the Monaco Succession Crisis. According to an ancient myth, Hercules passed through the Monaco area and turned away the previous gods. Following major development in the s, Prince Rainier III banned high-rise development in the principality. The film Grace of Monaco is loosely based on this crisis. Monaco is the second-smallest country by area in the world ; only Vatican City is smaller. On the other hand, the nights are very mild, due to the fairly high temperature of the sea in summer. Because the only temple of this area was the "House" of Hercules, the city was called Monoikos. Saint-Jean is the longest flowing body of water, around 0. There is a neighbouring French port called Cap d'Ail that is near Monaco. Since then Monaco has been independent. The principality has a club football team, AS Monaco , who have become French champions on multiple occasions. However, Monaco does maintain two small military units. In , a new treaty between France and Monaco specified that, should there be no heirs to carry on the Grimaldi dynasty, the principality would still remain an independent nation rather than revert to France. Monaco is not a member of the European Union. Economic development was spurred in the late 19th century with the opening of the country's first casino, Monte Carlo , and a railway connection to Paris. Monaco had previously considered an expansion in , but called it off. {PARAGRAPH}{INSERTKEYS}France borders the country on three sides while the other side borders the Mediterranean Sea. Although Prince Albert II is a constitutional monarch, he wields immense political power. Current land reclamation projects include extending the district of Fontvieille. Monaco has acquired the right to mint euro coins with Monegasque designs on its national side. In , it had an area of only 1. Monaco has been governed under a constitutional monarchy since , with the Sovereign Prince of Monaco as head of state. In the winter, frosts and snowfalls are extremely rare and generally occur once or twice every ten years. France protested. After a recent expansion of Port Hercules , [91] Monaco's total area grew to 2. In , Revolutionary forces captured Monaco and it remained under direct French control until , when the Grimaldi family returned to the throne. In more recent years, Monaco has become a major banking centre and has sought to diversify its economy into the services sector and small, high-value-added , non-polluting industries. In the 19th century, when Sardinia became a part of Italy , the region came under French influence again but France allowed it to remain independent. Monaco has high social-insurance taxes, payable by both employers and employees. Following a period of official mourning, Prince Albert II formally assumed the princely crown on 12 July , [47] in a celebration that began with a solemn Mass at Saint Nicholas Cathedral , where his father had been buried three months earlier. An additional ward was planned by new land reclamation to be settled beginning in [66] but Prince Albert II announced in his New Year Speech that he had ended plans due to the current economic climate. Through land reclamation , Monaco's land mass has expanded by 20 percent. Monaco is a sovereign city state , with five quartiers and ten wards, [84] located on the French Riviera in Western Europe. The plan for casino gambling was drafted during the reign of Florestan I in Under Louis-Philippe's petite-bourgeois regime, however, a dignitary such as the Prince of Monaco was not allowed to operate a gambling house. However, the Genoese became engaged in other conflicts, and in the late s Genoa lost Monaco in a conflict with the Crown of Aragon over Corsica. Monaco is not formally a part of the European Union EU , but it participates in certain EU policies , including customs and border controls. Though the Republic of Genoa would last until the 19th century, they allowed the Grimaldi family to keep Monaco, and, likewise, both France and Spain left it alone for hundreds of years. An ousted branch of a Genoese family, the Grimaldi , contested it for a hundred years before actually gaining control. Decorative elements include turrets, balconies, pinnacles, multi-coloured ceramics, and caryatids. Like France, Monaco was overrun by the Axis powers during the Second World War and for a short time was administered by Italy, then the Third Reich , before finally being liberated. In , the Grimaldi family purchased Monaco from the Crown of Aragon and became the official and undisputed rulers of "the Rock of Monaco". They declared their independence, hoping for annexation by Sardinia. Between and Monaco was occupied by the French in this period much of Europe had been overrun by the French under command of Napoleon. Although the occupation lasted for just a short time, it meant the deportation of the Jewish population and execution of several resistance members from Monaco. The municipalities were merged into one in , after accusations that the government was acting according to the motto " divide and conquer ," [ citation needed ] [ how? Monaco is a principality governed under a form of constitutional monarchy , with Prince Albert II as head of state. The state has no income tax , low business taxes , and is well known for being a tax haven. Monaco joined the Council of Europe in Monaco's name comes from the nearby 6th-century BC Phocaean Greek colony. Monaco has no navy or air force, but on both a per-capita and per-area basis, Monaco has one of the largest police forces police officers for about 36, people and police presences in the world. The state retains monopolies in numerous sectors, including tobacco and the postal service. There is no geographical distinction between the State and City of Monaco, although responsibilities of the government state-level and of the municipality city-level are different. Before this time there was unrest in Menton and Roquebrune , where the townspeople had become weary of heavy taxation by the Grimaldi family. The wider defence of the nation is provided by France. Its population as of is 38, Monaco has a land border of 5. On 19 April , Prince Rainier married the American actress Grace Kelly ; the event was widely televised and covered in the popular press, focusing the world's attention on the tiny principality. As a result, it has warm, dry summers and mild, rainy winters. The House of Grimaldi was in dire need of money. Before , Monaco minted its own coins, the Monegasque franc. It has an area of 2. In , the principality stopped collecting income tax from its residents—an indulgence the Grimaldi family could afford to entertain thanks solely to the extraordinary success of the casino. The company numbers exactly officers and men; while the NCOs and soldiers are local, the officers have generally served in the French Army. However, it is very closely linked via a customs union with France and, as such, its currency is the same as that of France, the euro. Monaco has an area of 2. France did not annex it until the French Revolution , but after the defeat of Napoleon it was put under the care of the Kingdom of Sardinia.