Officially known as the Swiss Confederation, Switzerland is a Federal Republic comprised of 26 cantons. Switzerland has four national languages: German (spoken by about 60% of the Swiss population), French (spoken by about 25%), Italian (spoken by around 8%, concentrated in the region near Italy) and Romansh (a Romance language spoken by less than 1% of the population). Switzerland is distinguished by its high-tech economy and economic stability, including a strong financial services and banking industry. The seat of government is in Bern. Geneva is known as the “capital of peace.” It is home to the headquarters of the Red Cross and the United Nations Organization (Europe). Switzerland is not a member of the EU. Its currency is the Swiss Franc.