Inaki Saez has announced that he intends to stay on as Spain coach despite the team’s early exit from Euro 2004.

Saez called a news conference amid speculation he might step down following Spain’s defeat to Portugal on Sunday.

Saez said: “I have to take a decision and logically it will be to continue.”

“Inaki Saez will try to confront another challenge which is to prepare the team for the 2006 World Cup,” he added.