December 2009, an extraordinary financial crisis stroke European continent, and that crisis is known as Euro-Area Debt Crisis. While most of the countries’ economy is going downwards in the crisis, Germany, however owns a stable growing rate of economy. The debt crisis in Europe has become a crisis of German identity. The rising likelihood of a Greek default has left the Continent’s most powerful nation with an unpalatable choice: back away from its insistence on responsibility and monetary stability and agree to help purchase Greece’s sovereign debt; or hold fast and risk the collapse of the euro.