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Luxembourg, a small European country, has a rich history dating back to 963. Since gaining independence in 1867, it has become a significant member of the European Union. However, Luxembourg's path to independence was not straightforward, as it lost more than 50% of its territory to Belgium in 1839. Still, it managed to gain more autonomy and stayed neutral during both World Wars.
In 1948, Luxembourg decided to end its neutrality and joined the Benelux Customs Union. The following year, it became a member of NATO, which further strengthened its position in European politics. The country's importance in the region continued to grow, and in 1957, it became one of the six founding members of the European Economic Community, which later evolved into the European Union.
Finally, in 1997, Luxembourg joined the euro currency area. This further solidified its position in European economics, making it an important financial hub in the region. The country's rich history and political significance make Luxembourg a vital player in European politics and economics.
In 1948, Luxembourg decided to end its neutrality and joined the Benelux Customs Union. The following year, it became a member of NATO, which further strengthened its position in European politics. The country's importance in the region continued to grow, and in 1957, it became one of the six founding members of the European Economic Community, which later evolved into the European Union.
Finally, in 1997, Luxembourg joined the euro currency area. This further solidified its position in European economics, making it an important financial hub in the region. The country's rich history and political significance make Luxembourg a vital player in European politics and economics.
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