Hannes Klöpper, co-founder of the Germany-based iversity MOOC provider, recently argued that the European Credit Transfer and Accumulation System (ECTS) presents an opportunity to transform MOOCs. According to the article: “The ECTS is a standard for comparing student attainment and performance in higher education institutions across Europe. Under the system, students can transfer credits for study already completed towards an appropriate equivalent degree in any of the 53 countries that have ratified the Lisbon Recognition Convention. Should European universities start awarding students credit for attainment in MOOCs, the ECTS provides a legal basis for mutual credit recognition.”
http://www.ft.com/cms/s/2/003fef1a-505e-11e3-9f0d-00144feabdc0.html