Germany's foreign policy still focused on the European debt crisis in 2012. The German government proposed a series of new institutions and regulations at the regional level of Europe, in order to alleviate the adverse impact of the debt crisis. On this basis, Germany tried to maintain solidarity in EU and defend the Euro, so as to avoid the potential danger of the Collapse of Euro zone. In response to the fluctuations caused by the European debt crisis and in consideration of the disputes and divergences between EU member states, German politician and policy makers paid much attention to the options of "Two-Speed Europe" and "Multi-Speed Europe" again. The history indicates that the European integration has continued to develop and progress through a process of negotiations and compromises in overcoming a multitude of divergences, disagreements and dilemmas. This has become the cornerstone on which the German politicians build their cognitions and perceptions for their policy-making at European level. This article aims to elaborate on the Germany's European Policy in 2012 from the following three perspectives: 1) the Germany-France cooperation and conflicts over the issues related to the European debt crisis; 2) Germany's new blueprints for the relations between the Euro zone and the non-Euro zone; 3) Germany's renewed reflections on the feasibility of the "Two-Speed Europe". <<