State-building has continued and opinion polls suggest most people are more preoccupied with economic issues than the conflicts.

“Additional sanctions will be tantamount for Armenia to having a third closed border which Armenia cannot afford,” Vartan Oskanian said.

Armenia was included in seeding pot C along with Georgia, Romania, Slovenia, Ireland, Czech Republic, Turkey.

If the Euro fails, bank lending would freeze, stock markets would likely crash, and Europe's economies would crater.

“It is very much in America’s national security interest to maintain a cooperative relationship with Pakistan,” Carney said.