German FinMin Schaeuble: There is no excessive expansion of credit on offer

German Finance Minister Wolfgang Schaeuble continues to give his remarks, via Reuters, suggesting that there is no excessive expansion of credit on offer at the moment.

Key quotes (via Reuters):

• We will act counter-cyclically if there is evidence of excessive credit growth
• Credit growth at the moment is not exceptional in a historical perspective
• Credit giving standards have loosened slightly, which could be an early warning signal