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 They were probably the most commonly used names, besides Flanders, another pars pro toto for the Low Countries, especially in Romance language speaking Europe. The Eighty Years' War (1568–1648) divided the Low Countries into an independent northern Dutch Republic (or Latinised "Belgica Foederata", "Federated Netherlands", the precursor state of the Netherlands) and a Spanish controlled Southern Netherlands (Latinised "Belgica Regia", "Royal Netherlands", the precursor state of Belgium). The Low Countries today is a designation that includes the countries the Netherlands, Belgium and Luxembourg, although in most Romance languages, the term "Low Countries" is used as the name for the Netherlands