"The arrival of global rankings in 2003 was a clarion call for urgent reform of European higher education. The results of the Shanghai Academic Ranking of World Universities and the Times Higher Education QS World University Ranking, first published in 2003 and 2004 respectively, challenged the perceived wisdom about the reputation and excellence of European universities. Since then, the EU and its Member States have sought to reshape and modernise higher education in Europe." (Quoted from site)