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Cameron warns Brussels about “major problem” because of conflict over EU budget

Britain refuses to increase investments in the EU budget.

Cameron warns Brussels about "major problem" because of conflict over EU budget

On Friday, November 7 British Prime Minister David Cameron said, that the inability of the EU leadership to resolve the conflict over the EU requirements to increase British investment in the budget of the union by € 2.1 billion (USD 2.60 billion) could cause "major problem." It is reported by Reuters.

On Friday, EU finance ministers told the British authorities that the only way to end the row over a surprise bill is to pay in interest-free installments. But the British Minister of Finance insists that this option is "unacceptable".

Speaking in Helsinki, Cameron said that he still had a problem with the size of the bill and when it should be paid.

"The two elements that I said were absolutely clear was that we wouldn't pay 2 billion euros on the first of December and we didn't believe in paying anything like that amount. Those are the two issues I have put on the table. I hope they can be resolved at Ecofin," said Cameron, referring to the EU finance ministers whose meeting was held on Friday in Brussels.

"If they can be then that would be good, if they can't then obviously we will have a major problem," he concluded.