However, after the demise of the Soviet Union this system collapsed.

然而，在苏联解体之后，这一制度也随之终结。

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Natty Rothschild remarked that if this had not happened, perhaps the entire private banking system of London would have collapsed, which would have created a tremendous economic catastrophe.

纳蒂•罗斯柴尔德(Natty Rothschild)指出，若非如此，伦敦的私人银行体系也许会全面崩溃，导致一场空前的经济灾难。

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Any other system would have collapsed, but this system was able to resist.

NEWYORKER: Election, Monitored

The property boom had been fuelled by massive lending from the banks, and when this collapsed - and lenders were unable to repay - the Irish banking system was plunged into crisis.

BBC: Ireland profile