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Dirty money, empty morals: Monaco’s recognition of Palestine

1 min Edward Finkelstein

Monaco, the glittering microstate better known for its casinos, yachts, and secretive banking practices, has stepped onto the global stage with an announcement as bizarre as it is irresponsible: on Monday, it formally recognized a Palestinian state.

Prince Albert II of Monaco © Mena Today 

Prince Albert II of Monaco © Mena Today 

Monaco, the glittering microstate better known for its casinos, yachts, and secretive banking practices, has stepped onto the global stage with an announcement as bizarre as it is irresponsible: on Monday, it formally recognized a Palestinian state.

This move, coming from a country routinely accused of harboring dirty money in its financial institutions, reeks of hypocrisy. Before dabbling in Middle Eastern diplomacy, Monaco should clean up its own backyard.

Prince Albert, already entangled in internal disputes and struggling to maintain credibility at home, has more urgent priorities than weighing in on one of the most complex and volatile conflicts in the world. Yet Monaco chose symbolism over substance—and worse, it chose silence over justice.

Monaco opted for a hollow gesture that undermines peace efforts and emboldens extremists. It is a sad spectacle from a country whose international image is already stained by financial opacity and questionable priorities.

If Prince Albert truly wishes to contribute to global stability, he should return to his favored cause—ocean preservation—and leave geopolitics to serious actors. The Middle East deserves thoughtful engagement, not token gestures from a state whose influence ends where the Mediterranean coastline does.

Edward Finkelstein

Edward Finkelstein

From Athens, Edward Finkelstein covers current events in Greece, Cyprus, Turkey, Egypt, Libya, and Sudan. He has over 15 years of experience reporting on these countries. He is a specialist in terrorism issues

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