This document summarizes key developments from the February 2011 issue of the EUROCITIES Flash newsletter. It discusses the European Commission's promise of an "ambitious urban agenda" and EUROCITIES' message that for cohesion policy to be effective, it must tap into the full capacities of cities and metropolitan areas. The document also outlines EUROCITIES' view that delivering an ambitious urban agenda requires compulsory urban earmarking in mainstream programs, a development and investment policy for the entire EU, involving cities at every stage of the process, and other measures. Finally, it previews EUROCITIES' work program for 2011, which will focus on issues like cohesion policy and the EU budget.