The legal basis of the enlargement is Article 49 of the Treaty on European Union, which states that “Any European State, which respects the principles set out in Article 6(1) may  2  BIS Review 126/2007  apply to become a member of the Union”.
Public finances in the Nordics are in better shape than in most other European countries. Disciplined fiscal policy has contributed to an environment in which consumers and businesses can plan for a longer term.