EIT won't grant degrees

The European Institute of Technology will not award its own degrees but will lend its name to qualifications provided by other institutions, the Continent's research ministers decided last week. Annette Schavan, the German Research Minister, said the institute would be launched in two stages - the first in 2008 backed by €308 million (£209 million) from the European Commission, with a budget of about €2.4 billion.