This article examines the influence of the European qualifications framework--a key European lifelong learning policy instrument for improving employability, comparability and mobility in the European educational space--on the establishment of national qualifications frameworks in Europe. The European qualifications framework and national qualifications frameworks are analysed through the lens of the process of the Europeanisation of education, and they are embedded in the broader context of the development of national qualifications frameworks in Anglo-Saxon and developing countries around the world. Against this background and through an analysis of established national qualifications frameworks in four European countries, i.e. Denmark, Germany, Portugal and Slovenia, we argue that the national qualifications frameworks in these countries cannot be understood to be tools for the deregulation, marketisation and commodification of education and knowledge, although this could be interpreted as one of the underlying hidden assumptions of the European qualifications framework recommendation.