Picking the winner of the Euros comes as a small relief from picking the winner in the great euro contest.
Fund managers already talk about the Battle of the Uglies - investors taking flight and hiding in the least risky countries (the US, UK or Germany) - but for the next three weeks the battle of the uglies will be fought out on pitches across the Ukraine and Poland.
It means we get to see the truly ugly, such as John Terry and France's Philippe Mexes who are going head to head on Monday, while the Chancellor of the Exchequer sits there hoping for an uplift in consumer spending that should rise the longer England stay in the tournament.
This time it is different. Expectations are low for Hodgson's heroes, because the talismanic Rooney is suspended for two games, there are loads of injuries, and the team was rubbish in the World Cup.
Can the PIIGS get their revenge?
Of course the reverse psychologists say because of all these reasons England could surprise everyone. Well, I'm not holding my breath.
I expect the usual set of results in the group games, as we qualify for the quarter finals in second place before bowing out to Spain in the quarter finals.
Why should we expect anything else, even if the Chancellor's praying for another game or two and a bit of hot weather so we can dig a bit deeper into our threadbare wallets and ‘invest' in a few more beers and BBQs as we cheer our boys on.
So who is going to win the tournament? Well if there is any kind of economic justice then it should surely be Spain, Portugal, Ireland or Greece, as they are the four nations with the most economic problems.
Ireland won't do it because their football is even less sophisticated than England's, Portugal are dependent on one player (like its economy is reliant on consumer spending), while Greece fluked it a decade ago. Spain, champion at the last tournament, is the only one of the four with a real chance of victory.
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