EU 2010 Budget Accounts Rejected by U.K., Netherlands, Sweden

From the Bloomberg Businessweek article:

The U.K., Netherlands and Sweden refused to sign off the European Union’s operating budget for 2010, saying that cost overruns are unjustified at a time when national governments are having to slash their spending.

The three northern European nations voted against discharging the accounts at a meeting in Brussels today after auditors found the error rate in the 122 billion-euro budget ($132 billion) climbed to 3.7 percent from 3.2 percent. It was the first time Britain refused to approve the accounts.

Read the full story here.