What is the Bologna System of Education.

Today, there is one important system of education which we have in the world. This is Bologna system of education accepted one of the oldest world universities. And what is the Bologna System? Author of this article can you explain.
Bologna System is a new technology of getting education. And it give us: first changes in the duration and structure of studies; second, conversation of short-time education (colleges) into Bachelor studies, and third, changes in the structure of specialization.
Also one of the important things it is recognizing diploma at European level.
All these points give a chance to get all education in your matter to develop.
All in all, I think that is very wonderful idea to create this system, because three degree gives a good education, does a law of higher level and very important moving on the future because after three level: Bachelor Studies (3 years), Masteral Studies (2 years), and Doctoral Studies (3 years) you become a present professional in your matter.