Committee of the German Baltic Parties Committee of the German Baltic Parties The Committee of the German-Baltic Parties (, ADP) was an alliance of Baltic German political parties in Latvia during the inter-war period. Its members included the German-Baltic Democratic Party, the German-Baltic Progressive Party, the German-Baltic Reform Party, the German-Baltic People's Party, the German-Baltic Integration Party, the German-Baltic State Party and the Voters Association of Mitau. The alliance was established in early 1920 as a successor to the National Committee. won six seats in the 1920 Constitutional Assembly elections. It retained its six seats in the 1st Saeima after the 1922 elections, but was reduced
Currency intervention of Swiss GDP. To maintain price stability and lower the franc's value, the SNB created new francs and used them to buy euros. Increasing the supply of francs relative to euros on foreign-exchange markets caused the franc's value to fall (ensuring the euro was worth 1.2 francs). This policy resulted in the SNB amassing roughly $480 billion-worth of foreign currency, a sum equal to about 70% of Swiss GDP. The Economist asserts that the SNB dropped the cap for the following reasons: first, rising criticisms among Swiss citizens regarding the large build-up of foreign reserves. Fears of runaway inflation underlie