German FinMin: High debt, high asset prices could be a risk for financial stability and economy

Reuters reports comments from Dr. Thomas Stef­fen, the German State Secretary at the Federal Ministry of Finance, following the release of the Ministry’s monthly report overnight.

Key Headlines:

Global debt is at unprecedented levels and has recently increased further.

Asset prices like equities and real estate are also rising.

The combination of high debt and high asset prices could become a risk for financial stability and the economy.

Steffen wants to "use favorable economic climate to "make sufficient preparation and build a buffer for the bad times".