In the year 2011-2012,Austria kept a stable political situation and the coalition formed between the Social Democratic Party and the People's Party ran smoothly.The macro-economy of Austria remained stable with a financial deficit lower than the criteria set up by the Stability and Growth Pact and an employment situation better than that of most of the other EU member states.On the international arena,Austria takes active roles in collaborating with the EU in implementing its policy measures in response to the debt crisis.In addition,it prioritizes its relations with countries such as Russia and China. <<