Portugal are favourites for me, I’m amazed they’re not being talked about more. Just have a look at their starting 11 and strengh in depth, it’s frightening.
I think England are a long way behind them, France and Belgium.
Looking at comparative teams and squads, I’d say France and Belgium both look comfortably stronger than Portugal. I agree that France and Belgium are some way ahead, but I’d have Portugal, England and Italy in the next chasing pack.
All just opinions though, of course.