BBC website commentators Caroline Cheese and Jonathan Stevenson have covered every minute between them - and here are their Champagne Moments of the knock-out stage (with descriptions below):
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Cheesy: "A Champagne Moment? That will be Germany's first goal, a lesson in bold, incisive attacking. Lukas Podolski passes to Michael Ballack and chases after the return before squaring for Bastian Schweinsteiger to slot home. Schweinsteiger, in his first start of the tournament, goes on to stamp his mark on Euro 2008 in spectacular fashion."
QUARTER-FINAL TWO: Croatia 1-1 Turkey (1-3 pens)
Stevo: "It's going to have to be a Champagne Minute. After 118 goalless minutes, Rustu has a brain melt and Luka Modric crosses for Ivan Klasnic to head in surely the winner? No, because Rustu then hammers the ball downfield and it drops for Semih to belt in via a slight deflection. A minute that perfectly encapsulates the wonderful drama of Euro 2008."
QUARTER-FINAL: Netherlands 1-3 Russia (aet)
Cheesy: "At this rate, we might be renaming Champagne Moment, the Arshavin Moment. With Holland tiring, Arshavin picks up the ball just beyond halfway and drives to the byeline, teasing Andre Ooijer, before somehow clipping an exquisite cross to the far post where Dmitri Torbinski cannot miss."
QUARTER-FINAL 4: Spain 0-0 Italy (4-2 pens)
Cheesy: "A fascinating tactical battle, if you ask Graham Taylor. A turgid bore-draw, if you ask me. Still, at least the Champagne Moment's easy to pick. Iker Casillas wins the battle of the world-class keepers by stopping two Italian spot-kicks, the first a quite brilliant save from Daniele de Rossi, allowing Cesc Fabregas to step up and put all those Spanish nightmares to rest..."
SEMI-FINAL 1: Germany 3-2 Turkey
Cheesy: "It should be a difficult decision, but it's not really. With apologies to Germany, that game was all about Turkey. Just when you think they're all out of miracles, Semih Senturk slots in an 86th-minute equaliser, prompting such ecstatic scenes on the Turkish bench that the Emperor Fatih Terim gets a smack in the mouth."
SEMI-FINAL 2: Russia 0-3 Spain
Stevo: "My Champagne Moment is Spain's second goal because it sums up exactly why they are everyone's second team. The ball is played in to Cesc Fabregas, who swivels and at the same time clips a stunning pass into the path of Danny Guiza, who immaculately chests the ball down and lifts it over the advancing Igor Akinfeev. When Spain get it right, it's glorious and it's why I love them.
FINAL: Germany 0-1 Spain
Cheesy: "I know you think I'll choose Fernando Torres' goal as my Champagne Moment but I'm going for Spain skipper Iker Casillas ending 44 years of hurt by lifting the Henri Delaunay Trophy. Victory for Spain, the best all-round team at the tournament, capped a magical Euro 2008."
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