Luxembourg, Ramadan 12, 1437, June 17, 2016, SPA -- Eurozone finance ministers have paved the way for a new bailout payment to Greece of 7.5 billion euros (8.4 billion dollars), the head of their Eurogroup panel, Jeroen Dijsselbloem, said Thursday, according to dpa. Athens and its creditors spent months negotiating reforms and cost-cutting measures that would allow money to continue flowing from Greece's third, 86-billion-euro bailout, which was agreed to last year. Only 2 billion euros have been paid out so far. The new disbursement will provide "oxygen" for the Greek economy, EU Economy Commissioner Pierre Moscovici said. "We are on the right track," he added. But Greek Finance Minister Euclid Tsakalotos said his country still had a long way to go. "The Greek people have suffered a great deal over the last five, six years and it's not obvious that the successes are in sight yet," he told journalists in Luxembourg. Following the go-ahead from finance ministers, the eurozone bailout fund is expected to make a final decision Friday on the disbursement, with a view to transferring the money early next week, according to the head of the fund, Klaus Regling. The payment is part of a 10.3-billion-euro tranche the Eurogroup agreed to in principle last month. The money is needed to prevent the cash-strapped country from returning to the brink of bankruptcy. --SPA 01:11 LOCAL TIME 22:11 GMT www.spa.gov.sa/w