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
History of Belgium Roman Emperor, in his Pragmatic Sanction of 1549. The Eighty Years' War (1568–1648) later led to the split between a northern Dutch Republic and the Southern Netherlands from which Belgium and Luxembourg developed. This southern territory continued to be ruled by the Habsburg descendants of the Burgundian house, at first as the "Spanish Netherlands". Invasions from France under Louis XIV led to the loss of what is now Nord-Pas-de-Calais to France, while the remainder finally became the "Austrian Netherlands". The French Revolutionary wars led to Belgium becoming part of France in 1795, bringing the end of the semi-independence of areas