Iceland, the first nation to go bankrupt in the credit crunch.

冰岛是第一个在信贷紧缩中破产的国家。

There is absolutely no credit crunch on the main streets of small businesses.

在小企业的主要街道上绝对不存在信贷危机。

For most of the last decade, this trend has been upward, except for the most severe periods of credit crunch.

近十年的大多数时间里，这一趋势是向上的，除了信用危机最为严重的时期之外。

If there is one lesson everybody should take away from the credit crunch, it is that central bankers, no less than dentists, are only human.

如果说有一个教训是每个人都应该从信贷危机中吸取的，那就是央行行长和牙医一样都是凡人。

Then came the credit crunch.

那时信贷危机到来了。