Monaco

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Monaco (or Montecarlo) is a small state in Western Europe, an enclave in the territory of France bordering the Mediterranean Sea.

It is a principality, ruled by the Princes of Monaco of the Grimaldi House since 1297.

Its fame is mainly due to its special tax system (once a tax-heaven), the casino, the Formula One Grand Prix.

Monaco became of international notoriety in the 1950s when the famous actress Grace Kelly married the current prince Ranieri.

From the CIA World Factbook 2000. Not Wikified.

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