Next month Euro 2012 kicks off and this year it is sure to be one of the most exciting tournaments yet. But which team can win it?

Spain are of course the favourites with Paddy Power at 11/4, and after winning Euro 2008 and the World Cup in 2010 it is difficult to look to far past them lifting yet another trophy this summer.

Quality oozes throughout the Spanish side and the way in which they play football is to be admired.

Although it will certainly not be plain sailing for them this year, especially with inspirational captain Carlos Puyol set to miss the tournament due to injury.

Puyol has been at the heart of Spain’s success in recent years. Without him or their talismanic goal scorer David Villa, it could be time for some of the younger players to step up to the plate. Atletico Madrid’s Alvaro Dominguez and Juanfran Torres have been brought by Del Bosque and there is also a place for Malaga full-back Nacho Monreal.

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Gerard Pique is sure to hold his place despite not having the best of seasons, while Sergio Ramos may be expected to fill the whole in Puyol’s absence.

It is difficult to pick out a star man for Spain with so much ability in the team though. The midfield is where they are strongest and where teams will really struggle to stop them.

Xavi, Andres Iniesta, Cesc Fabregas, David Silva and Xavi Alonso are just some of the names that will be fighting for a place in the starting eleven and should once again make up a formidable midfield unit.

They will be ably assisted by Juan Mata, who has made a superb impact at Chelsea.

If Spain are to be successful, Vincente del Bosque will need to use his squad wisely with most of players having extremely long campaigns for their club sides, especially those that represent Barcelona and Real Madrid.

Fernando Llorente has been brought in for his goals and he should make a dramatic impression following the injury to David Villa, while Valencia’s Roberto Soldado or Seville’s Alvaro Negredo should partner the hitman up front.

So can anyone deny del Bosque’s team another major trophy? If they play at their best, no. Euro 2012 is in the Spain’s hands and if they play to their full potential they will be victorious.

They should not take anything for granted though. At this level, any complacency will be punished and with a tough group to progress from, it will not be easy.

They start their championships with a tough encounter against Italy.