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
Burgundian Netherlands Burgundian Netherlands In the history of the Low Countries, the Burgundian Netherlands (, , , ) were a number of Imperial and French fiefs ruled in personal union by the House of Valois-Burgundy in the period from 1384 to 1482 and later their Habsburg heirs. The area comprised large parts of present-day Belgium and the Netherlands, as well as Luxembourg and parts of northern France. A fair share (but not most) of these territories were inherited by the Burgundian dukes, a younger branch of the French royal House of Valois in 1384, upon the death of Count Louis II of