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
Luxembourg at the 1920 Summer Olympics advance past the initial heats in the sprint event, and did not finish the 50 kilometres. Luxembourg competed in the Olympic football tournament for the first time. The team lost to the Netherlands in the first round. Three weightlifters represented Luxembourg in 1920. It was the nation's debut in the sport. Alzin won the country's first medal in the sport, a silver in the heavyweight. Two wrestlers, both in the Greco-Roman style, competed for Luxembourg in 1920. Both men lost all of their matches. Luxembourg at the 1920 Summer Olympics Luxembourg competed at the 1920 Summer Olympics in Antwerp, Belgium.