Role of the european parliament parliament plays a very active role in supporting the strengthening of the eus economic social and territorial cohesion the legislation relating to cohesion policy and the structural funds is prepared under the ordinary legislative procedure in which parliament has an equal say with the council. European parliament think tank towards a renewed territorial agenda for the eu 31 03 2020 the main objective of the territorial agenda is to strengthen territorial cohesion an eu principle that seeks to ensure the balanced development of the eu and reduce its regional disparities agreed in may 2011 and the culmination of a process . The regional policy of the european union eu also referred as cohesion policy is a policy with the stated aim of improving the economic well being of regions in the eu and also to avoid regional disparities more than one third of the eus budget is devoted to this policy which aims to remove economic social and territorial disparities across the eu restructure declining industrial . Towards a european action programme for spatial development brussels european parliament 2007 the opinions expressed in this document are the sole responsibility of the author and do not necessarily represent the role of territorial cohesion is regarded as. This study assesses the role of the european parliament in the field of cohesion policy since the treaty of lisbon introduced co decision procedure whereby parliament and council have equal powers in agreeing the regulations of the eu structural and investment funds in addition to the formal processes the study
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