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4.3 il-pilastru mikroekonomiku
4.3 the microeconomic pillar

2.7 ir-rifuġji fiskali jintroduċu distorsjonijiet kemm fil-livell makroekonomiku kif ukoll f’dak mikroekonomiku.
2.7 tax havens introduce distortions at both the macroeconomic and microeconomic levels.

l-effettività tal-fondi strutturali tiddependi fuq li jkun hemm linji politiċi makroekonomiċi b'saħħithom, ambjent mikroekonomiku favorevoli, u qafas istituzzjonali qawwi.
the effectiveness of the structural funds depends on sound macroeconomic policies, a favourable microeconomic environment and a strong institutional framework.

bil-kontra tal-pożizzjoni meħuda fl-1996, il-kummissjoni tippreferi rilaxx bilaterali mikroekonomiku msejjes fuq dikjarazzjonijiet ta’ rikapitolazzjoni.
contrary to the position taken in 1996, the commission would prefer microeconomic bilateral clearing based on recapitulative statements.

1.7 fil-fatt, filwaqt li d-deċiżjonijiet li l-ue ħadet dan l-aħħar, imsemmija fil-komunikazzjoni, jindirizzaw, għad li parzjalment, il-qafas makroekonomiku, il-proposti fil-livell mikroekonomiku jidhru li huma insuffiċjenti għas-setturi produttivi, li huma l-uniċi setturi kapaċi jniedu t-tkabbir mill-ġdid.
1.7 whereas the most recent decisions taken by the eu, referred to in the communication, are – albeit only partially – appropriate for the macroeconomic framework, the microeconomic proposals regarding the production sectors, which are the only sectors that can relaunch growth, are inadequate.