FOXnews – Prince Albert Takes Over in Monaco

MONACO  — Prince Albert (search) has taken over the regency of Monaco because his ailing father, Prince Rainier III, is unable to exercise his royal functions, the palace said Thursday.

The announcement was made in a brief statement from the palace, which gave no updates on the health of the 81-year-old Rainier, who is being treated in hospital for breathing, kidney and heart problems.