DQ #4 Bologna Process

What exactly is the Bologna Process? Is more than a document, what exactly does it consist of and what is expected from its participants? How is this regulated/measured? Why is this process of interest to other nations?

Can you describe what a “veto player” is? Does it refer to one person or a group? Do they aid policy of slow it down? Why should we take them into consideration? Can a president be a veto player?