It's been five years since Spain's huge property bubble burst.

现在距离西班牙房地产泡沫破灭已过去五年的时间。

Loose monetary policy makes him nervous about the possibility of a property bubble in Germany.

宽松的货币政策令魏德曼惴惴不安，唯恐低息环境滋生德国房地产泡沫。

Since the country's financial and property bubbles burst in the early 1990s, government spending has leapt, while tax revenues have stagnated.

由于日本的金融和房地产泡沫在20世界90年代早期破裂了，政府开支飙升，但同时税收收入收却停滞不前。

The question was if central banks should use monetary policy to tame frothy markets—for example, raising interest rates in order to deflate property bubbles.

问题是中央银行是否应该使用货币政策来抑制泡沫市场——例如，提高利率以消除房地产泡沫。