•The country must have a functioning market economy and must be capable of withstanding the pressure of competition and market forces in the European Union.
•The use of Euro
The country must have stable institutions guaranteeing democracy, the rule of law, human rights and respect for and protection of minorities.
•The country must be able to assume all the obligations flowing from membership, including the aim of political, economic and monetary union
•What comes closest to a catalogue of concrete requirements which must be met by applicant countries is the third criterion, according to which the countries must be in a position to implement all the EU’s laws and regulations.