so called the glacier waters for the reds and thirsty. this is b.w. business i'm joined now the milan in berlin welcome experts say europe's biggest economy could already be in recession the big german engineering firms car makers and suppliers are all in crisis hit by profit downturns a lot of companies are cutting jobs or reducing hours it raises the risks of a global slowdown europe's economic motive may be running out of gas would a mode of supply a continentals and it profits slumped 41 percent in the 2nd quarter and the company has announced plans to shut down an entire factory competitors shiflet and bush also lowered their earnings expectations and said the stuff would have to be let go falling demand is hurting steel companies like sun corp to the company is bracing for a loss this year. and exporters are feeling the squeeze from the u.s.