Although the second-smallest independent state in the world, Monaco benefits from an excellent climate and beautiful settings on the Côte d`Azur. From the heights of the Tête de Chien or Mont Agel, or from lower down from the Moyenne-Corniche at the level of the entrance to the Jardin Exotique, there are a number of panoramic viewpoints looking out over exceptional scenery. Gamblers flock to the Place du Casino in Monte-Carlo and every May the principality hosts the renowned Monaco Grand Prix. Monaco is also well located for exploring both Provence, the French Riviera and Italy.