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
Belgium Belgium Belgium officially the Kingdom of Belgium, is a country in Western Europe bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeast, France to the southwest, and the North Sea to the northwest. It covers an area of and has a population of more than 11.4 million. The capital and largest city is Brussels; other major cities are Antwerp, Ghent, Charleroi and Liège. The sovereign state of Belgium is a federal constitutional monarchy with a parliamentary system of governance. Its institutional organisation is complex and is structured on both regional and linguistic grounds. It