France–Monaco relations signed the Treaty of 1945 and the Agreement of 1963 on furthering their relationship. In 2002, the laws deriving from the Treaty of Versailles that governed relations between Monaco and France were renegotiated. It was finally ratified in 2005 with new terms that: upgraded France's representation from a consulate to that of an embassy; permitted other countries to accredit ambassadors to Monaco; and, formally recognised Monaco's ruling Grimaldi dynasty's succession scheme that was initially set out in the 1962 constitution, and which also extended eligibility to the ruling prince's daughters and other family members. The European External Action Service has
Dodge Monaco engineered Monacos were sold than Premiers. The similarly sized yet less technically sophisticated K-car-based Dynasty, which had been introduced two years earlier as a 1988 model, outsold the new Monaco. Fleet buyers such as rental companies and government agencies liked the fact that the Dynasty could be equipped with any of three different engines and sold for a lower price. The Monaco, on the other hand, came with only one engine and was more expensive. Critics have argued that Chrysler did not properly market the Premier and Monaco, having confused its intended market. Premier ES and Monaco models were compared