Recital 1

(1)Whereas Articles 11 and 27 of Directive 78/660/EEC and, by way of reference, Article 6 of Directive 83/349/EEC(2) and Articles 20 and 21 of Directive 84/253/EEC(3) contain thresholds expressed in ecus for the balance sheet total and the net turnover within which Member States may grant derogations from the said Directives;