Apparently the Alistair Darling is pressing the EU to put sanctions on Monaco because it's a tax haven. In fact, they also have Andorra in their sights having gone after Liechtenstein already.
Now excuse me for a second for being so utterly naive, but I've never heard of putting sanctions on a sovereign state because they oppress their people, starve them, or are hostile towards you. But, putting sanction on a country because you don't like the fact they have a zero percent tax rate?
Let's be under no false impressions here. Andorra and Monaco do not oppress the people who live there. They're only apparent crime is that they are all rich, and being rich they all accept that their money will buy them stuff there and the Government will give them nothing but borders to live within. What exactly is wrong with that?
Sounds like heaven to me, you earn your money, and you live within your means from the money you have. Using sanctions against bad regimes, that is understandable, using them against the rich in order to affect domestic tax rates in the target state isn't. Can anyone seriously claim that Monaco is on a par with say Zimbabwe when it comes to applying sanctions?