Rio de Janeiro, Jul 1 (IANS): Spain coach Vicente del Bosque denies his team's golden era is over after the reigning World and European champions were crushed 0-3 by Brazil in the Confederations Cup final here.

Spain's heralded possession game was comprehensively picked apart by Luiz Felipe Scolari's side at the Maracana here Sunday, raising doubts about La Roja's ability to continue its dominance of world football, reports Xinhua.

But Del Bosque insisted the result was not cause for panic, stressing he still had utmost faith in his players.

"We are not happy with this result and we have to analyze it," Del Bosque said. "We can't let it just pass by. But we also have to accept that sometimes a team can be better than us on any given day.

"We have players of real quality and a style which has been defined over a long period of time. I don't think we should change that just because of one defeat."

The 62-year-old said his team was already eyeing its next World Cup qualifier against Finland September 6.

When asked if Brazil were now among the favorites to win the World Cup, Del Bosque was unequivocal.

"There's no doubt they are one of the favorites to win. They have a strong team. They had a good tournament and finished off today with a great result," he added.