"But a strong center in a state of weak institutions, is not."

For weaker institutions, the impact could be more severe.

Members tried to rescue the weak institution by making deals with local businesses.

Moreover, analysts said they expected to see a number of other failures, particularly among smaller and weaker financial institutions.

Many more - corruption, financial devastation, weak democratic institutions - remain.

"We have an inherently weak institution in the Presidency," he says.

Today they are a rather weak institution, dependent on international support to hold back the enemies in the current civil war.

That would make it especially difficult for weak institutions to raise money in the bond market, he added.

We cannot hope to build a strong Europe with weak institutions.

The Government needs to close weak institutions while enabling the stronger ones to put their bad loans behind them.