The Principality of Monaco is a dwarf state on the shores of the Ligurian Sea, receiving almost a million tourists a year. Despite its more than modest size - the country's area fits into two square kilometers - Monaco looks incredibly respectable and glossy. Ports full of snow-white yachts, a bunch of serious banks, into which money flows from all over Europe, and a well-oiled mechanism of tourist infrastructure, help the local population to live in grand style, without denying themselves anything.
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