It's convenient for the time being, that's all. Our universities held their monopolies for too long, and they became stale. Bologna forced them to face the competition, and get their act together. It was the only practical way of solving the problem.

One of my kids is finishing his studies at a local subsidiary of an Italian university. Tuition was affordable, no need for loans, and his job prospects seem good for now. Pretty cool, if you ask me, no need for him to move anywhere, and he could study in his native language.

Now, that was local, personal point of view. Having larger picture in mind, however, your opposition to Bologna makes sense, of course. The ultimate goal, in my mind, is hyperproduction of expendable knowledge workers, with student loan sharking and other education market manipulations as possible side effect. And knowledge workers are exactly what their name implies: Workers. The trimmers and stokers of tomorrow's digitalized industry.

http://titanic-model.com/articles/tech/TechFeatureAugust2005.htm