Belgium–Luxembourg Economic Union Belgium–Luxembourg Economic Union The Belgium–Luxembourg Economic Union (, , ), abbreviated to BLEU or UEBL, is an economic union between Belgium and Luxembourg, two countries in the Benelux Union. BLEU was created by a treaty, signed on 25 July 1921, despite a referendum against such a proposal, between Belgium and Luxembourg, and came into effect upon ratification by the Luxembourg Chamber of Deputies on 22 December 1922. Under the terms of the treaty, the economic frontier was lifted and the Belgian franc and Luxembourg franc were set at a fixed parity (though revised in 1935 and 1944) establishing a monetary
History of Belgium Roman Emperor, in his Pragmatic Sanction of 1549. The Eighty Years' War (1568–1648) later led to the split between a northern Dutch Republic and the Southern Netherlands from which Belgium and Luxembourg developed. This southern territory continued to be ruled by the Habsburg descendants of the Burgundian house, at first as the "Spanish Netherlands". Invasions from France under Louis XIV led to the loss of what is now Nord-Pas-de-Calais to France, while the remainder finally became the "Austrian Netherlands". The French Revolutionary wars led to Belgium becoming part of France in 1795, bringing the end of the semi-independence of areas