Upon moving into Auberge de Castille in 1987, Fenech Adami began a policy of national reconciliation, initiating a series of political and economic reforms intended to open up the economy, reverse high unemployment and the islands' problems following sixteen years of socialist policies. His political ideology and economic policies highlighted deregulation, more flexible labour markets, the overhaul of the country's physical infrastructure and the privatisation of state-owned companies. The legal and business structures were also overhauled and trade liberalised. The communications, financial services and banking sectors were deregulated or privatised. Malta also began a period of integration with the EU, formally applying for membership in 1990.