Economy of Belgium force. One of the founding members of the European Community, Belgium strongly supports deepening the powers of the present-day European Union to integrate European economies further. About three-quarters of its trade is with other EU countries. Together with the Netherlands and Luxembourg, Belgium is also one of Benelux member states. Belgium's public debt is about 105% of GDP. The government succeeded in balancing its budget during the 2000–2008 period, and income distribution is relatively equal. Belgium began circulating the euro currency in January 2002. Economic growth and foreign direct investment dropped in 2008. In 2009 Belgium suffered negative growth and
Austrian Netherlands Austrian Netherlands The Austrian Netherlands (; ; ; ) was the larger part of the Southern Netherlands between 1714 and 1797. The period began with the acquisition of the former Spanish Netherlands under the Treaty of Rastatt in 1714 and lasted until its annexation during the aftermath of the Battle of Sprimont in 1794 and the Peace of Basel in 1795. Austria, however, did not relinquish its claim over the province until 1797 in the Treaty of Campo Formio. The Austrian Netherlands was a noncontiguous territory that consisted of what is now western Belgium as well as greater Luxembourg, bisected