CARACAS, Venezuela–After announcing this week the devaluation of its currency (the Bolivar), the Bolivarian Republic of Venezuela is practically isolated. The Venezuelan travel agencies have stopped selling airline tickets after some international carriers like Air Europa, Iberia, Air France, Lufthansa, TAP-Portugal, TAME, COPA, United and American Airlines also decided to suspend ticket sales. The Venezuelan Government has a debt of up to 2800 million Euros with all the international airlines operating to the socialist country. This week governement officials met with Air Europa executives, hoping to find a solution in order to pay the debt with the airline, up to 130 million Euros, but it seems both parts couldn’t reach an agreement. The economist Francisco Faraco has defined the situation as “The Bankruptcy of the Venezuelan State”. Its believed that more airlines will suspend sales and most probably operations to Venezuelan airports in the near future.