Monaco opens file on Holocaust role

The Monegasque government has agreed to open its archives to the Simon Wiesenthal Centre in order to learn more about the country’s role in the treatment of the Jewish population during the occupation of World War II.

In January of this year, the Simon Wiesenthal Centre requested permission to look at Monaco’s archival materials from the Second World War.

Minister of State Serge Telle has granted permission for them to bring an historian into the archives on 2ndMarch to begin researching what role the Principality played regarding Jews during that period.  

This is not the first time the Wiesenthal Centre has solicited such admittance. In 1997, the centre asked several countries for access to state records on the deportation of Jews to the Nazi death camps. At the time, Monaco did not comply with the request, but the current government has clearly had a change of heart on the matter since.

Monaco’s pre-war Jewish population hovered at around 300. In 1942, Mussolini’s army took over, and upon his fall, the Germans stepped in to fill the void. It was at this point they began the systematic deportation of the Jewish population.

HSH Prince Albert II publicly apologised for Monaco’s role in the deportation in 2015. He had a memorial erected in the Monaco Cemetery to commemorate those lost.

The centre isn’t looking to lay blame, simply to be allowed to gain information and then attempt to locate descendants via Jewish newspapers and websites. If they can verify actual family members, they will then request small indemnities to be paid to put closure on the issue.

The 2nd March visit is expected to be the first of roughly a half dozen and will be overseen by a representative of the Prince.

 
Photo: Monaco’s Rock in 1890, from Wikipedia
 
 

Diva on Detour at Monte-Carlo Opera

Soprano Patricia Racette’s Diva on Detour is coming to the Salle Garnier of the Monte-Carlo Opera for one night only this week.

With a roster of toe-tapping hits of yesteryear by the likes of Cole Porter, Stephen Sondheim, George Gershwin and Edith Piaf, American opera star Patricia Racette will return to her cabaret roots and belt out some of the most beloved tunes of all time in a one-night only show on Thursday 27th February.  

Paying homage to Helen Traubel, the post-war opera star who was famously banned from the New York Metropolitan Opera by crusty general manager Rudolph Bing for singing cabaret in her spare time, Diva on Detour will give fans a chance to hear Racette as never before.

Acclaimed for her roles in Madame Butterfly, Tosca and Peter Grimes, she is equally as riveting as she belts out hit songs from mid 20th century Broadway musicals. Her versatile voice and dramatic flair add to what is sure to be a fun-filled evening of light-hearted repertoire.

The soprano also performed as unhappy housewife Anna Maurrant in the Elmer Rice classic Street Scenewhich ran from the 21st to the 25th of February at the Monte-Carlo Opera.

Tickets are available by emailing ticket@opera.mc or from the website at www.opera.mc

 
 

Early pollen alert

The mild winter has triggered a particularly early pollen season and several French departments, including the Alpes-Maritimes, are on high alert.

The National Aerobiological Surveillance Network (RNSA) has warned the public of excessively heavy pollen lasting from late winter into spring this year, creating a nightmare for allergy sufferers.

Along with the usual mimosa that typically comes to the region in February, this year the cypress will come early putting most of southern France on either alert or red alert. The Alpes-Maritimes is currently facing an alert situation, though this could change at any time for better or worse.

Experts forecast the high levels of cypress pollens will last for at least another month in the Mediterranean followed by the usual spring cocktail of grasses and flowers that accompany the warmer weather. They also believe that the early arrival of these pollens will likely become our norm as climate change continues to affect the planet. 

Those with serious allergies should avoid heavy outdoor exercise, dry clothing indoors, avoid driving with windows down and only air homes in the morning or evening when pollen is at its lowest levels to lessen the risk of reaction.

Some of the most common symptoms of allergies include itchy, watery eyes, runny or congested nose, cough, sneezing, conjunctivitis and rhinitis.

 
 

Coronavirus latest

While tests have cleared two suspected cases of coronavirus in Monaco, Nice has set up a dedicated unit as the ‘first line’ of treatment in the region. Meanwhile, as Italy’s economy takes a battering due to the recent outbreak, it is important to note that the regular flu has killed more people than Covid-19 this winter season.
The Monaco Government confirmed on Tuesday that samples taken from two patients treated in Monaco are negative of the Covid-19.
The possible cases sparked panic early in the week, as it was revealed that more than 250 people have been infected by the coronavirus in neighbouring northern Italy, seven people have since died, and 50,000 others remain in quarantine.
The Principality is naturally edgy given around 6,000 Italians travel into Monaco each day for work.
But Giovanni Paolo Risso, head of Monaco’s Italian association AIIM, told Monaco Life that he thinks the situation is being exaggerated by the media. “My opinion is that, in the typical Italian way, we have panicked and started testing everyone. The people who have died in Italy were all elderly, and some are questioning whether they even died from coronavirus or an underlying illness. I don’t think we should panic because it is getting too ridiculous now.”
Anyone returning to France from affected regions in Italy have been advised to self-quarantine for 14 days.
Meanwhile, there are reports of empty supermarket shelves across the region amid fears the Alpes-Maritimes and Monaco will be placed on lockdown like Northern Italy. Families are also questioning whether to send their children back to school next week.
But as a reminder, at the time of publication, there have been no confirmed cases of coronavirus in the French Riviera or Monaco.

No pandemic

In its international address on Monday, the World Health Organisation said the coronavirus situation had not reached the pandemic level.
“Our decision about whether to use the word ‘pandemic” to describe an epidemic is based on an ongoing assessment of the geographical spread of the virus, the severity of disease it causes and the impact it has on the whole of society,” WHO General Director Dr. Tedros Adhanom Ghebreyesus said. “For the moment, we are not witnessing the uncontained global spread of this virus, and we are not witnessing large-scale severe disease or death.”
So far, just over 80,000 cases of coronavirus have been detected globally, with 2,707 deaths.
WHO-China research teams found that the fatality rate is between 2% and 4% in Wuhan, and 0.7% outside Wuhan. They found that for people with mild disease, recovery time is about two weeks, while people with severe or critical disease recover within three to six weeks.
To put it into perspective, there have been two coronavirus deaths in France and 10 in Italy. Meanwhile, the current seasonal flu epidemic in France has already killed 44 people.

Italy’s economy slumps

But Italy, the fifth most visited country in the world, is already taking an economic hit from the new strain.
Lorenzo Codogno, head of London-based LC Macro Advisors and a former chief economist at the Italian Treasury, told AFP that he is now forecasting a GDP drop of between 0.5% and 1% in the first quarter, plunging Italy into its fourth recession since 2008.
Lombardy, around the financial capital Milan, and Veneto account for around a third of Italian GDP and half its exports.
“The first impact will be on tourism and retailing, with people staying at home and cancelling hotel reservations,” Codogno told AFP. “But even more damaging will be the later impact on companies through disruptions in supply chains.”
A-League football games are being held behind closed doors while politicians call for a postponement of Milan Design Week due at the end of April, attended last year by almost 400,000 people.

Health plan in action

It was announced during a press conference on Tuesday afternoon that a special unit has been opened in the Archet Hospital in Nice, and is designed to admit patients without them having to come into contact with other members of the public or staff. The CHU and the Regional Health Authority also confirmed that samples taken from patients can now be analysed on site. Previously, the samples had to be sent to Marseille, delaying diagnosis. It means tests taken in Monaco will also be sent to Nice for quick analysis.
While Nice is the ‘first line’ of treatment, four other hospitals in the region have been classified as ‘second line’, in Cannes, Grasse and Antibes, as well as a health centre in Saint Laurent du Var.
As with any flu epidemic, anyone with a cough should cover their mouth with their elbow rather than their hands, or use a single-use tissue, and wash their hands after coughing.
 
 
 

Markets weekly

As financial markets approach the end of February, the growth seen in the final three months of 2019 (Q4) takes centre stage.
Germany’s second estimates of Q4 gross domestic product (GDP) kicks the week off. The first estimate showed that output was flat on the quarter as the export-oriented economy continues its struggles.
Despite early signs in January of a recovery in the country, recent survey data, such as the ZEW economic sentiment indicator, have been noticeably weak since the Covid-19 coronavirus outbreak.
The impact of the Covid-19 outbreak on the US consumer, who has been fundamental to US growth for some time, will be reflected in the consumer confidence survey out on Tuesday.
The US second estimate of GDP growth for Q4 follows on Thursday. The market expects growth of 2.1% in the first estimate to be confirmed. The core personal consumption expenditure data for Q4 (also that day) is likely to show inflation remaining muted, again questioning the central bank’s efforts to achieve its goal of ending the disinflationary trend that has been prevalent in the US.
The UK housing market appears to be showing early signs of a post-election boom, according to survey data. The nationwide house price index published on Thursday will show if the upturn has legs, after the index rose to a 14-month high in January.

UK housing shows signs of rebound, but uncertainty looms

While UK house prices grew by 2.3% year-on-year in December, it was the first time since February 2018 that all regions saw positive annual growth and better than 2018’s disappointing 0.1% growth. However, the figure is still below the 4.5% seen in 2016 and a far cry from 2014 levels.
The effects of elevated levels of political uncertainty, tighter lending standards and unfavourable changes to tax rules on the housing market explain the downturn in growth somewhat.
However, political uncertainty appears to have moderated with December’s election of a Conservative party with a strong majority and the UK’s subsequent departure from the European Union (EU). Also, the prospect of some fiscal easing at March’s budget and historically low interest rates provide a healthy environment for the consumer.
Since the December election, survey data suggests that a post-election bounce in demand is underway. The Nationwide and Halifax surveys both showed an uptick in house price growth which surged to 14-month and 2-year high in January respectively. February data from Rightmove showed prices of properties coming to market just below a new all-time high from June 2018.
The demand and supply fundamentals suggest a stable housing market. However, an agreement to leave the EU and a trade deal with the bloc are two very different things. Growth could be impeded if the latter fails to materialise at the end of the transition period, scheduled for the end of the year, and potentially offset the positive impact from foreign buyers attracted by a likely weaker sterling.
Furthermore, even if a deal is reached and a no-deal scenario avoided, the housing market is unlikely to generate the returns seen in the past decade over the next one.
 
For more information contact Barclays Private Bank in Monaco by clicking here or on +377 93 15 35 35
 
 

Monaco gives cigarette butts second life  

More than 70 billion cigarette butts are generated in France each year. Half end up on the ground or in the sea, causing untold ecological destruction. Now Monaco has a plan to recycle these tiny pollutants for a better end.

As the Principality moves in an ever-greener direction, more inventive ways of handling waste are being formulated. In the case of cigarette butts, 66,000 (11 kilos) of which were collected in front of SBM Offshore alone in 2019, they are being positively transformed by a company out of Bordeaux called EcoMégot.

EcoMégot collects these tiny environmental disasters, and at a factory in Montpellier turns them into a carbon fibre component which will be used for upcoming aeronautical projects.  

Cigarette butts may seem innocuous enough, but they are actually major polluters. A single butt can pollute 500 litres of water and can release 2,500 chemical components. Additionally, they take up to twelve years to decompose. 

The initiative has been applauded by environmental groups as well as by Marie-Pierre Gramaglia, Monaco’s Minister of Equipment, Town Planning and the Environment.

Another ecological hot topic for Monegasques is also currently being addressed. The call for public composters has gained momentum. One exists in Princess Antoinette Park and the idea of installing more is fast becoming popular.

A solution is to build a public organic waste centre in collaboration with neighbouring communities. Whilst the idea is currently only in it’s infancy, the impetus is growing. Representatives from the Mission for the Energy Transition understand the demand, and are considering several possible solutions.