With Europe’s record-breaking heat and droughts this summer, water levels in Germany's Rhine river have reached historic lows. Today on the show, Katie Martin talks with FT Frankfurt bureau chief Olaf Storbeck about the long-term effects on the economy and how the country is dealing with the crisis.&nbsp; Save 10% on tickets to the London FT Weekend Festival with the code FTPodcast. Visit <a href="http://ft.com/festival" rel="noopener noreferrer" target="_blank">ft.com/festival</a> to find out more. For a free 30-day trial to the Unhedged newsletter go to: <a href="https://www.ft.com/unhedgedoffer" rel="noopener noreferrer" target="_blank">https://www.ft.com/unhedgedoffer</a>. You can email Robert Armstrong and Katie Martin at <a href="mailto:unhedged@ft.com" rel="noopener noreferrer" target="_blank">unhedged@ft.com</a>. <a href="https://www.ft.com/content/06f3ed9a-9327-40a8-9e0d-38164a6076cc" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a> <hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

Katie Martin, Robert Armstrong and other markets nerds at the Financial Times explain the big ideas behind what’s happening in finance right now. Every Tuesday and Thursday. Hosted on Acast. See acast.com/privacy for more information.