I think Spain more deserves to be the favorite team to win EURO 2020. England has many great strikers in the attacking line, but for midfield and defense line seem not really strong. Spanish have top players in defense and midfield line, they should be better in these lines. Winning isn't determined by the attackers only. The attackers cannot perform well if there will be no good midfielders and defenders who give their assists.

It is a football game, mate. Even if they have top players, it doesn't guarantee to win. Sometimes the winning is determined by solidly and luck factor. So, there should be always an unpredictable result in the game. By the way, Italy isn't eliminated, they still continue to the next stage.