England favourites to win European Championships 2008

ENGLAND have been installed as favourites to win the 2008 European Championships following this morning's draw in Montreux.Bookmakers Ladbrokes rate the Three Lions at 5/1, ahead of Holland at 6/1 and Italy and Germany at 7/1.The team, who have been paired with Croatia, Russia, Israel, Estonia, the Former Yugoslav Republic of Macedonia and Andorra in Group E will have a new manager by the time they begin qualification.And Bolton's Sam Allardyce remains the 5/2 favourite to succeed the Swede at Soho Square.Walter Smith's Scotland are 200/1 to lift the trophy, with Wales and Northern Ireland both considered 250/1 shots.Ladbrokes spokesman Robin Hutchison said: "It remains to be seen what England will do in this summer's World Cup - but they have what it takes to win Euro 2008."Had it not been for Wayne Rooney's injury in Portugal they may well have gone on to win Euro 2004. "He and the new crop of talented youngsters emerging in the English game will be desperate to make amends."Reigning champions Greece 40/1 to repeat their success in Portugal, with the beaten finalists 16/1.LATEST BETTINGEUROPEAN CHAMPIONSHIP 2008England 5/1Holland 6/1Italy 7/1Germany 7/1France 9/1Spain 9/1Sweden 16/1Czech Republic 16/1Portugal 16/1Russia 25/1Switzerland 25/1Ukraine 25/1Denmark 33/1Greece 40/1Austria 50/1Croatia 50/1Poland 50/1Turkey 50/1Republic of Ireland 50/1Romania 50/1Serbia Montenegro 66/1Norway 66/1Bulgaria 100/1Belgium 100/1Bosnia 150/1Latvia 150/1Slovakia 150/1Scotland 200/1Wales 250/1Northern Ireland 250/1Finland 250/1