FOR such a young institution, the European Central Bank (ECB) has some old-fashioned ideas.

作为一个如此年轻的机构，欧洲央行有着一些老式的观点。

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It was based on two axioms. Firstly, there should be no central ownership or control - no institution which would decide who could join or what the network could be used for.

基于两个公理，首先，不应该存在拥有者或控制中心，没有任何机构可以将决定谁可以加入或者网络的用途。

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Even though Bear is not a fully regulated institution, the investment bank was deemed too central to the complex web of America's financial system to be allowed to fail.

尽管贝尔斯登不是一个被完全规管的机构，但在美国金融体系错综复杂的网络中，投资银行的地位太核心，因此绝对不容许倒下。

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The army has controlled things since independence from France in 1962, and it remains the central institution in Algerian politics, infinitely more powerful than parliament or any of the parties.

ECONOMIST: Algeria

The world's central legal institution, the United Nations, was the brainchild of Franklin Roosevelt, who began planning for it soon after the United States entered the war.

ECONOMIST: World law and world power

He ensured that the institution retained a central role in all recent discussions about international financial reform.

ECONOMIST: The IMF needs a new focus as well as a new boss