Though differences between the subprime crisis and the bursting of Japan's own property bubble after 1989 are inevitably great, the similarities are striking.

虽然这次的次级贷危机与日本1989年资产泡沫的破裂有许多不同点，但它们也有显著的相似之处。

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SPANISH Banks have been doing their best to shield themselves from the bursting of the country's property bubble.

西班牙许多银行一直尽力让自身远离该国逐渐扩散开来的房产泡沫。

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The bursting of property bubbles is also causing misery in Ireland and Spain, with an estimated 1.5m unsold homes in Spain alone.

房产泡沫破裂的不良影响还波及爱尔兰和西班牙，据估计，仅西班牙就有150万滞销的房产。

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Because it was a long time since they had seen a previous bursting of a property bubble, investors found it hard to imagine it happening again.

ECONOMIST: Hot property

The bursting of the property bubble and high unemployment levels compounded the situation, forcing many economic migrants from South America and Eastern Europe to leave the country.

BBC: Europe

More worrying is the absence of obvious sources of growth after the bursting of Spain's property bubble.

ECONOMIST: Can a new government get Spain working?