Armenian President predicts the collapse for Azerbaijan

Armenian President Serz Sargsyan, at a session of Armenia's Security Council on June 5th, has predicted that in 3-4 years the South Caucasus region will be very different from how it is now. According to the Armenian President, in 2-3 years there will be a serious decline in oil and gas production which will lead to the economic collapse of Azerbaijan. Meanwhile, Armenia should modernize and diversify its economy in order to prepare for the changes in the region. Azeri officials, it is assumed, would not accept such an analysis.