Europe's record-breaking heat and droughts this summer have caused water levels in Germany's Rhine river to reach historic lows. The severe weather conditions are creating significant challenges for the region's economy and infrastructure.

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. The discussion explores the broader implications of climate change and extreme weather patterns on European waterways.

The Rhine river is a critical transportation artery for Germany and much of Europe, carrying billions of tons of cargo annually. Low water levels disrupt shipping operations, increase transportation costs, and can severely impact industrial supply chains. This summer's conditions represent one of the most severe drops in recent history.

Experts warn that such extreme weather events may become more frequent as climate change continues to intensify. The situation underscores the urgent need for adaptation strategies and infrastructure investments to protect vital waterway systems from future disruptions.