German airline Lufthansa has said it plans to suspend flights to Venezuela next month due to the worsening economic situation in the country. <br /><br /> The carrier said currency controls in the South American nation had made it impossible for it to convert earnings into dollars and repatriate revenue. <br /><br /> Lufthansa added that it hoped to restore services in the near future.<br /><br /> The low oil price has badly hit Venezuela’s economy currently suffering triple digit inflation and a chronic shortage of basic goods. <br /><br /> Last week, Coca Cola also announced a halt to some of its operations in the country due to a lack of sugar. <br /><br /> The deepening economic crisis has led Venezuela’s opposition to push for a referendum to recall President Nicolas Maduro.<br /><br /> So far he has refused to budge, despite efforts from several former leaders, including Spain’s ex-Prime Minister Jose Luis Rodriguez Zapatero, to mediate the political stand-off.
