Cameron tells Europe: I can veto EU budget

British Prime Minister David Cameron on Sunday threatened to scupper European Union budget talks unless other members of the 27-nation bloc agree to "proper control" of spending, without specifying what would be an acceptable settlement for Britain.

Cameron also lent his support to a proposal for two EU budgets, one for the euro zone and another for cash-strapped Britain and the nations outside the single currency, but said it would take some time to come to fruition.

Read more: Cameron tells Europe: I can veto EU budget | Reuters