LONDON, Oct. 7 (Xinhua) -- British Prime Minister David Cameron said Sunday that the European Union (EU) should have two separate budgets for the eurozone and non-eurozone countries.
Cameron made the remark during an interview with BBC on the first day of the Conservative Party conference.
He threatened that he would veto a new EU budget "if necessary" as the EU is starting negotiations on its next budget for 2014 to 2020.
According to BBC, Cameron would block the talks if "massive increases" in the budget were proposed or if a deal that "does not have proper control" was put forward.
The prime minister said countries could not go on pouring money into the EU while cutting their own national budgets.
Last year, Cameron vetoed an EU-wide treaty to co-ordinate budget policies and impose penalties on rule-breakers.
The four-day autumn conference of Cameron's Conservative Party is expected to open in Birmingham Sunday afternoon.
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