Ireland and spain were ripe for housing booms too .

爱尔兰和西班牙的房产业繁荣也来得太快。

That allows the booms to grow dangerously large .

这会使信贷激增至非常危险的程度。

Financial busts almost always follow credit booms .

金融崩溃几乎总是发生在信贷繁荣之后。

Credit booms are often followed by credit busts .

信贷繁荣之后通常会发生信贷泡沫破灭。

Some booms started with liberalisation .

有时自由主义会带来繁荣。