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Sweden Says No To EU Budget Vetting

Swedish politicians from across the political landscape say they will not submit Sweden's budget to the European Commission for inspection before it is presented to parliament and the public.

Sveriges Radio, 12 May 2010

Swedish Finance Minister Anders Borg says he sees no reason why a nation with its finances in order should have to hand plans to Brussels for approval, according to news agency TT. He also thinks it would be "inappropriate" for Brussels to see the budget before it has been discussed by the Swedish Parliament.

He has been backed up by the Social Democrat shadow Finance Minister Thomas Östros, who says the idea is "out of the question".

European Commissioner Olli Rehn said Wednesday he wants to introduce the new rule as of next year as a way to prevent similar situations as that currently in Greece.

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