UPDATE 1-Spain’s Zapatero says EU will defend the euro

* Says EU is united in defence of euro

* Blames foreign analysts for criticising euro
(Adds quote, background)

MADRID, Feb 5 (BestGrowthStock) – European Union countries are
united in their defence of the euro, Spanish Prime Minister
Jose Luis Rodriguez Zapatero said on Friday.

“We will defend the euro,” Zapatero told a news conference
after announcing a proposal to overhaul Spain’s labour laws.

The prime minister said much criticism of the single
currency came from analysts from outside the euro zone.

“It’s important to say again that the euro is a strong and
stable currency …. All of the countries of the European Union
support the euro and support all of the countries that belong
to the euro,” Zapatero said.

Speculation that euro members Greece, Portugal and Spain
will struggle to pay their debts has shaken world markets in
recent days.

Stock Investing

(Reporting by Jason Webb and Carlos Ruano; Editing by Dan
Grebler)

UPDATE 1-Spain’s Zapatero says EU will defend the euro