Spain

Italy and Spain will meet for the second time in the Euro 2012 after playing to a 1-1 draw in the opening round of the Group stage back in June.

The Spaniards are trying to become the first team to ever win three straight major international tournaments, but Italy, a +159 underdog, could give them trouble.

The Euro 2012 bracket isn’t filled with a ton of surprises, and now Germany has pushed slightly past Spain as the favorites to win the event.

Read on for updated futures odds, a list of quarterfinal matchup dates and times, and the full Euro 2012 bracket.