Despite Spain's ignominous exit in France, Raul is confident that that is unlikely to happen again.
"In football one cannot talk about victory before the game. Sometimes things work, sometimes not," he added.
"There have been cases of big teams going home early like Brazil in Italy 90.
"Furthermore, they struggled in the last qualifying process. Anything can happen in Korea and Japan.
"France and Argentina are strong teams, but there other too. Spain are certainly one of them along with Portugal, Brazil, Germany or Italy."
Raul made his debut for Real Madrid in 1994 at just 17 years and four months old.
And in his first season in La Liga, he scored nine times in 28 appearances and won a Spanish league championship medal.
Within two years he had also made his debut for the national side, winning his first cap in October 1996.
The striker now looks to the example of his club colleague Zinedine Zidane for inspiration.
The Frenchman has won the World Cup And the European Championships, though suprisingly not the European Cup.
"Zidane has won everything at international level. Those accomplishments are very far from me at present, but I'm going to fight for them."