By Rob Kelly

Arsène Wenger believes Portugal have the players to cause a shock in Group B at Euro 2012 - but still expects Germany and Holland to progress.

Nicklas Bendtner’s Denmark make up the other member of the so-called ‘Group of Death’, and it is expected to be the most closely-contested of the tournament.

Germany reached the final of Euro 2008, while Holland were beaten by Spain in the 2010 World Cup final, but Wenger does not believe you should count out a talented Portuguese side.

“The one you wouldn't like to be is Denmark - whatever they do will be fantastic, because they are absolute favourites to be fourth,” he told Arsenal Player.

“Then Holland, Germany and Portugal - you flip a coin and tell me who will come out of this group. Holland are the second favourites [for the tournament] with Germany, after Spain. Holland and Germany would be the favourites to come out of the group.

“Portugal have the player in Cristiano Ronaldo, but also they have Nani - they have quality players. They can create a surprise. But because they haven’t done well recently in tournaments, you don’t have them as one of the favourites.

“But because Holland have been in the World Cup final, and Germany have been in the World Cup semi-final, you can’t rule them out of a European Championship. Those two should come out.”

Watch the full interview with the boss on Arsenal Player.

Copyright 2014 The Arsenal Football Club plc. Permission to use quotations from this article is granted subject to appropriate credit being given to www.arsenal.com as the source 5 Jun 2012