Greece accepts 24 billion euro austerity plan

April 30 morning, according to foreign media reports, according to people familiar with the matter, Greece has agreed to accept the 24 billion euro austerity plan, in exchange for the euro zone and the International Monetary Fund (IMF) tens of billions of euros of loans.　　The draft includes a three-year freeze on wages for public sector workers. A senior government official said the final details of the measure were still being finalised, the FT wrote.　　The austerity measures plan to reduce the budget deficit by 10%-11% per cent of gross domestic product over the next three years. The Greek government's negotiations with the IMF, the European Commission and ECB officials are scheduled to end this weekend. The measures will then be submitted to the Greek parliament next week to seek parliamentary approval. The package also includes an increase in value-added tax, which will be the second increase since this year. "We are still discussing which of the three-level tax rate will be raised," the official said. "The yield on Greek two-year bonds (contrary to the price trend) fell by more than 3% to 12.74% per cent yesterday, while the stock market surged 7.14%. Investors ' confidence began to pick up after news that the EU and the IMF were ready to offer € 120 billion to bail out Greece in Wednesday.