The European Union on Friday welcomed a US plan for a transitional government in Venezuela and subsequent lifting of economic sanctions. Washington last month suggested that both hard left President Nicolas Maduro and his rival Juan Guaido -- previously backed by the US -- step aside in favour of a transitional administration made up of members of both their parties. As quoted by AFP.com (04/4) the shift in US tactics came as fears grow that the coronavirus pandemic will spread rapidly both inside and from Venezuela, an oil-wealthy nation now crumbling in an economic crisis. EU's diplomatic chief Josep Borrell said in a statement on behalf of all 27 members of the bloc that the European Union takes positive note of the Democratic Transition Framework on Venezuela proposed by the United States//AFP