Article from Number 44 - 2020 - Beyond the French-Monegasque crisis. Martin Dale’s modernization project for the Principality (1960-1964)
In 1960, prince Rainier III of Monaco named a 28-year-old American, Martin Dale, Privy Councilor for the Economy. Dale will mobilize his economic competences and his networks in the American business community in order to attract the headquarters of major Anglo-Saxon companies and transform the Principality into a financial center of international stature. This project is part of a more general policy of modernization led by the prince since the 1950s. However, the French-Monegasque crisis (1962-1963) will slow down the reform’s greater scheme. Martin Dale will find himself at the heart of the tensions, accused of favoring American interests to the detriment of France. Despite pressure from General de Gaulle, he will be kept in his position. Until his departure in 1964, he continued his mission of promoting Monaco to the United States.
Text in French