Since 2008,the euro area sovereign debt crisis continues to simmer.The European Monetary Union faces enormous challenges,and the European integration is seriously threatened.Facing the current crisis,a reform of the asymmetrical economic governance of the EU is imperative.This paper interprets the EU's economic governance mechanism,describes its build process and principles,analyzes the associations between this mechanism and the major problem of the euro area in the current crisis,and evaluates the current reform proposals on this basis.In the analysis and argumentation,the paper always pays full attention to the enormous influence of Germany,and thus interprets the role of Germany in operation and reform of the EU's economic governance mechanisms. <<