US President Barack Obama has said that Spain cannot be allowed to unravel, according to an interview with Colombia's La W Radio on Monday.

"Spain is the country that is the biggest and so we can't allow Spain to - you know - unravel, and Greece, obviously, has even bigger problems than Spain, but it's a much smaller country," Obama said.

The President was responding to the interviewer's suggestion that his recent comments have focused on Spain over other troubled European countries.

"I don't refer just to Spain," Obama said. "We've worked very hard to make sure that all of the European Union recognizes they need to work together to solve this problem."

Meanwhile, the New York Stock Exchange will remain closed for a second straight day due to Hurricane Sandy. Macroeconomic indicators are expected to be released as scheduled with consumer confidence data for October and the S&P/CaseShiller indicators due out today. Also, several US companies will present earnings, such as Ford.

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