warning light problem on a 1995 fiat punto?

Neile1

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My wife as a 1995 fiat punto sx. Just recently going down the motorway it suddenly lost power and a red waning light appeared on the dash, this looked like a hose pointing down and squirting water. She couldnt get any acceleration even when dropping a gear. She doesnt have a manual and no one seems to know what the warning light represents. On normal roads it seems to be ok, but it would be prudent to know what it is . Can anyone help ?
 
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