From the 16 teams that qualified for this year's Euro 2008, we finally have the best 8 of them after the end of the group matches. The schedule for the knockout is below :

The most surprising team to qualify for the knockout stage were Turkey. Not because they were considered weak, but because they defeated a so called good team, Czech Republic. Turkey were lucky to have qualified and should fancy their chances against Croatia in the quarter finals. Turkey might be the surprise team to make it to the semis though.
Russia too were the under-dogs in their group D. But an out of form Sweden was all they needed to qualify themselves for the quarters. Russians might be in dilemma though. Should they be happy that they qualified for the quarters, or be sad that they have to meet probably the best team in this tournament, Netherlands in their quarter final encounter !!! I would be really happy to see them give a good fight.
Had it not been for a bad day at office for the Germans, we could have seen them fight the Portuguese in the semis. But as it stands now, we would have only one of them proceeding to the semis, which is kinda sad. And this very thing should give the Croats a good chance to proceed to the semis.
The red card ghost seems to have followed France from the World Cup to Euro 2008. In the first half itself, they were reduced to 10 men. Had it not been for an unbelievably bad day for Luca Toni, Italy would have beaten France by more than 2 goals. The Henry magic failed miserably this time, with his touch providing the rivals their second goal. Italy have their task cut out. They have to beat the quick fire Spaniards in the quarters and then be prepared to meet the Dutch team in the semis. The World Cup champions have to prove their mettle against a very tough draw to make it to the finals.
My favorites to make it to the semis would be Portugal, Croatia, Netherlands and Spain and probably have a Portugal and Netherlands final. On second thoughts, if the most fierce freehit taken with great German precision by Ballack, boosts his team, we can have a German Dutch final as well.