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
Netherlands the Dutch Republic, the Eighty Years' War and the Anglo-Dutch Wars in the 16th, 17th and 18th century, made Holland serve as a "pars pro toto" for the entire country, which is now considered either incorrect, informal, or, depending on context, opprobrious. Nonetheless, Holland is widely used in reference to the Netherlands national football team. The region called the Low Countries (comprising Belgium, the Netherlands and Luxembourg) and the Country of the Netherlands, have the same toponymy. Place names with "Neder" (or "lage"), "Nieder", "Nether" (or "low") and "Nedre" (in Germanic languages) and "Bas" or "Inferior" (in Romance languages) are