On the other hand, one of our students from Spain managed to convince his university to validate one of our courses as credits. So I don't know. But the trend is towards projects > diplomas.
(However, for papers, that's gonna take a while)
[1] http://www.nytimes.com/2014/02/23/opinion/sunday/friedman-ho...
I'm going to go out on a limb and say that either you're in a very archaic field or institution, or that your PI is not a nice person. In the US at least, even undergraduates are routinely first authors on papers where they did the majority of work.
I suspect that part of it is that I'm not in any sort of academic pipeline (I got out of school with a BSc, essentially apprenticed myself under a nautical engineer for a few years, then opened a workshop).
(If I hear "You don't have a phd, you can't be first author on this paper" one more time, I'm getting the shark launcher)