TASK DEFINITION: In this task, you are given a sentence in Spanish and your task is to translate it into English. In translation, keep the numbers and capitalization (capitalize only the first word of each sentence and name).
PROBLEM: En primer lugar, como ha resaltado mi colega el Sr. Bowis, es retroactiva y errónea de principio.

SOLUTION: First of all, as my colleague Mr Bowis has pointed out, it is retrospective and that is wrong in principle.

PROBLEM: La cohesión económica y social que propugnamos se concretiza, a través de la iniciativa Interreg, en la cohesión territorial y en la integración de los espacios fronterizos y de las periferias de nuestro continente.

SOLUTION: The economic and social cohesion which we propose is based, by means of the INTERREG initiative, on territorial cohesion and on the integration of border areas and the outermost regions of our continent.

PROBLEM: A ese respecto, conviene subrayar que los gastos financiados por los Fondos estructurales son los que deben ser adicionales.

SOLUTION:
In this respect, it must be stressed that it is the expenditure financed by the Structural Funds which must be additional.