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
Southern Netherlands until 1867. The King of the Netherlands was Grand Duke of Luxembourg until 1890, when William III was succeeded by his daughter, Wilhelmina of the Netherlands – but Luxembourg still followed the Salic law at the time, which forbade a woman to rule in her own right, so the union of the Dutch and Luxembourger crowns then ended. The northwestern two-thirds of the original Luxembourg remains a province of Belgium. The Spanish Netherlands (Dutch: "Spaanse Nederlanden", Spanish: "Países Bajos españoles") was a portion of the Low Countries controlled by Spain from 1556 to 1714, inherited from the Dukes of Burgundy.