The document discusses the European MOOC Consortium's ambitions to establish a common microcredential framework (CMF). The CMF would provide credentials for online courses between 100-150 hours at levels 5-7 of the European Qualifications Framework. It would include assessment, verification of identity, and transcripts documenting learning outcomes and credits earned. The goal is to address needs of employers and learners for smaller, stackable credentials and facilitate collaboration across European higher education systems. Achieving these goals requires engaging universities, employment organizations, companies, and other stakeholders. The European Commission also aims to support quality, transparency and adoption of microcredentials across the EU through its new framework.