This means that applicants will have to create the legal preconditions for central bank independence, prohibit direct financing of budget deficits by the central bank and end public authorities’ preferential access to financial institutions. A further prerequisite for EU membership is full liberalization of capital transactions.
However, we must bear in mind that employment comes from a historically high level. Looking at individual families, the private finances of some households will come under pressure. This may pose challenges when it's time to pay interest and principal payments on their mortgage. It's also unavoidable that the development will put pressure on some companies financially.