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 the remainder of the area became known as the Spanish Netherlands and remained under Spanish control. This region comprised modern Belgium, Luxembourg as well as part of northern France. The Spanish Netherlands originally consisted of: The capital, Brussels, was in Brabant. In the early 17th century, there was a flourishing court at Brussels, which was under the government of King Philip III's half-sister Archduchess Isabella and her husband, Archduke Albert of Austria. Among the artists who emerged from the court of the "Archdukes", as they were known, was Peter Paul Rubens. Under the Archdukes, the Spanish Netherlands actually had formal