The Japan Times - Monaco: city of vice and a few virtues

EUR -
AED 4.279883
AFN 76.325698
ALL 92.208576
AMD 424.795971
ANG 2.085508
AOA 1069.680682
ARS 1764.441513
AUD 1.624398
AWG 2.097413
AZN 1.98181
BAM 1.953863
BBD 2.346453
BDT 143.072442
BGN 1.976656
BHD 0.439241
BIF 3484.036742
BMD 1.16523
BND 1.47982
BOB 13.450548
BRL 6.005712
BSD 1.165035
BTN 111.101982
BWP 15.568564
BYN 3.513486
BYR 22838.501721
BZD 2.343017
CAD 1.616733
CDF 2650.897751
CHF 0.938412
CLF 0.027225
CLP 1071.510477
CNY 7.833548
CNH 7.833915
COP 3647.366986
CRC 529.370588
CUC 1.16523
CUP 30.878587
CVE 110.75535
CZK 24.127421
DJF 207.084575
DKK 7.4751
DOP 67.812183
DZD 155.083932
EGP 58.555236
ERN 17.478445
ETB 187.124111
FJD 2.557095
FKP 0.854344
GBP 0.85723
GEL 3.035448
GGP 0.854344
GHS 13.044718
GIP 0.854344
GMD 85.64689
GNF 10227.799786
GTQ 8.888187
GYD 243.732066
HKD 9.134142
HNL 31.250747
HRK 7.535076
HTG 152.417571
HUF 361.957571
IDR 20658.356991
ILS 3.47186
IMP 0.854344
INR 111.115661
IQD 1527.033495
IRR 1601724.718003
ISK 140.608282
JEP 0.854344
JMD 184.602215
JOD 0.826144
JPY 185.738778
KES 150.7731
KGS 101.899191
KHR 4712.206546
KMF 492.891826
KPW 1048.707054
KRW 1614.64707
KWD 0.359776
KYD 0.970837
KZT 535.934825
LAK 26148.400753
LBP 104325.975256
LKR 382.815512
LRD 211.448535
LSL 18.025496
LTL 3.44062
LVL 0.704835
LYD 7.381754
MAD 10.794396
MDL 20.132039
MGA 5016.896603
MKD 61.460908
MMK 2446.596651
MNT 4193.468273
MOP 9.406374
MRU 46.724396
MUR 54.497676
MVR 18.014614
MWK 2022.83864
MXN 19.759843
MYR 4.691564
MZN 74.463982
NAD 18.608166
NGN 1567.292573
NIO 42.876936
NOK 10.896121
NPR 177.767744
NZD 1.960464
OMR 0.448036
PAB 1.165015
PEN 3.904687
PGK 5.166877
PHP 71.902899
PKR 323.40963
PLN 4.31156
PYG 6969.99955
QAR 4.247554
RON 5.257398
RSD 117.304873
RUB 98.317948
RWF 1716.098496
SAR 4.375277
SBD 9.344414
SCR 16.422039
SDG 700.303445
SEK 11.108169
SGD 1.48205
SHP 0.863279
SLE 28.723385
SLL 24434.282866
SOS 665.929611
SRD 43.998489
STD 24117.901779
STN 24.877654
SVC 10.193893
SYP 15150.316185
SZL 18.608534
THB 38.262681
TJS 10.752962
TMT 4.089956
TND 3.373925
TOP 2.805593
TRY 56.067006
TTD 7.914949
TWD 37.122121
TZS 3076.204035
UAH 51.908233
UGX 4354.682351
USD 1.16523
UYU 46.823575
UZS 13778.840739
VES 916.202972
VND 30418.320787
VUV 137.557015
WST 3.15781
XAF 655.301647
XAG 0.01709
XAU 0.000253
XCD 3.149091
XCG 2.0997
XDR 0.823878
XOF 655.307266
XPF 119.331742
YER 276.217353
ZAR 18.60637
ZMK 10488.392073
ZMW 22.105513
ZWL 375.203481
  • JRI

    -0.0400

    12.44

    -0.32%

  • BCC

    -1.1000

    79.94

    -1.38%

  • RBGPF

    1.3300

    69.89

    +1.9%

  • BP

    -0.3600

    42.5

    -0.85%

  • VOD

    -0.1900

    15.94

    -1.19%

  • CMSC

    -0.0650

    21.275

    -0.31%

  • BCE

    -0.1000

    23.49

    -0.43%

  • RYCEF

    0.3500

    21.15

    +1.65%

  • AZN

    -3.3900

    166.27

    -2.04%

  • RELX

    -0.5400

    35.34

    -1.53%

  • GSK

    -0.6400

    51.43

    -1.24%

  • CMSD

    -0.1000

    21.16

    -0.47%

  • RIO

    -2.1100

    104.7

    -2.02%

  • BTI

    0.9700

    57.44

    +1.69%

  • NGG

    -0.6400

    80.53

    -0.79%

Monaco: city of vice and a few virtues
Monaco: city of vice and a few virtues / Photo: Valery HACHE - AFP

Monaco: city of vice and a few virtues

The ultra-rich principality of Monaco may seem like an odd choice for Pope Leo XIV's first official European overseas trip on Saturday, with its casinos, yachts and anti-ageing treatments.

Text size:

Even local clergy are surprised.

"What is he coming to do here? He will tell us," said father Guillaume Paris, the right-hand man of Monaco's archbishop.

The Catholic micro-state of less than two square kilometres, wedged between the Alps and the Mediterranean, has built its fortune on gambling and a low tax burden.

Its promise of no income or wealth taxes has attracted the world's rich and famous -- although French and US citizens still have to pay at home.

Efforts to fight money-laundering and corruption began only recently, sex work is legal, and luxury is omnipresent -- from its shops and restaurants to the way people dress on the street.

Monaco has been rocked by a series of scandals since 2021, former associates of Prince Albert II accusing him of being under the influence of a real-estate tycoon.

Tabloid newspapers have long gobbled up and recycled every piece of gossip about the personal lives of Albert's sisters Caroline and Stephanie, as well as two of his children.

- Pews for billionaires and housekeepers -

From his popemobile, Leo XIV will not be able to miss the grandstands being assembled for the Formula 1 Grand Prix.

And he will see countless cranes working on new buildings in the world's most expensive real-estate market.

Villas selling for more than 100 million euros, new slabs of concrete being laid every day and F1 race cars tearing through the streets are hard to square with the prince's pledge to protect the environment.

The prince may also cross paths with thousands of surgeons and other experts expected in town from Thursday to Saturday for an international convention on anti-ageing treatments.

But Monaco is also steeped in Catholic tradition.

On early mornings, partygoers heading home cross paths with the faithful walking to one of many daily masses held in the principality, said Simon Ardiss, who was ordained deacon last year.

An estimated eight percent of 39,000 people living in Monaco -- a fourth of whom have nationality -- are practising Catholics, according to the local Church.

And church pews are one of the only places where billionaires, housekeepers and builders sit side by side.

Thibault Delassus, a deacon and aeroplane pilot, said faith had shielded Monaco from "a tsunami of indifference that has ravaged the Church" in neighbouring France.

- 'Work to be done' -

Religion has influenced the principality's stance on social issues.

Monaco last year rejected a law to allow assisted dying for the terminally ill and another to legalise abortion.

Pregnancy termination has however been decriminalised since 2019, meaning women who seek one in France are not prosecuted.

And members of the clergy and government point out that, beyond all the glitzy fundraisers, there are countless charities that show solidarity more quietly and help the poorest.

Ardiss the deacon said the Church was also seeking to help the faithful battle a different type of deprivation -- "poverty in relations, spiritual poverty, poverty in love, poverty in friendship".

Prince Albert gave a hint as to how he would like the pope to regard the conspicuous wealth he will be confronted with, telling La Croix Catholic newspaper it was "never easy" to strike a balance between ethics and money.

"There is also undoubtedly work to be done to move beyond this sometimes caricatured image of Monaco as a place that is solely about wealth," he told the paper.

"Of course, that side of Monaco exists, but there are also people of very modest backgrounds in the principality whom we help. Money is not the centre of our lives."

M.Yamazaki--JT