ZEW Indicator of Economic Sentiment - Expectations Decrease Strongly

First to Clarify ZEW is a survey conducted in Germany which helps forecast the development of the German Economy. Almost like the economic sentiment indicator (ESI) in the US.

This article states that the ZEW indicated that the German economy is to decline sharply in the next half of the year. The indicated last month was up 14 points but now stands at a negative 4.3. This is due to terrible industrial production that was dormant in july. This will most likely lead to an economic slow down. How bad it will get we will have to find out.

Analysts are especially nervous because of all the money they loaned to Greece. The article seems to state that there will a complete slow down of economic activity.

Thoughts? What should they do?