1.The financial contribution shall be granted provided that Greece:
(a)implements the plan in accordance with the relevant provisions of Union law, including rules on competition, the award of public contracts and State aid;
(b)submits interim technical reports to the Commission in accordance with Annex I by the latest on:
31 May 2012, covering the period from 27 January 2012 to 30 April 2012;
30 September 2012, covering the period from 1 May 2012 to 31 August 2012;
(c)submits a final technical report and a financial report in accordance with Annexes I and II, covering the period from 27 January 2012 to 31 December 2012, by the latest on 28 February 2013;
(d)implements satisfactorily the measures foreseen in the plan.
2.In the event that Greece does not comply with the conditions laid down in paragraph 1, the Commission shall reduce the financial contribution taking into account the nature and gravity of the non-compliance and the financial loss incurred by the Union.