Monaco, EU Suspend Talks for Closer Ties on Housing, Work Clash

Monaco and the European Union have suspended negotiations to create closer ties because of a disagreement over the principality’s insistence on maintaining priority access for locals to work and housing.

The Monaco government said in a statement on Friday that the two sides had come to a shared conclusion “that it was impossible to reconcile the European Union’s requirements with the red lines set out by” Prince Albert II, whose goals were to “maintain the current living standards — for work and housing — for nationals and residents of the Principality.”