Similar in style and scope to the FIFA World Cup, the UEFA (Union of European Football Associations) European Championship is a football tournament involving the best national sides in Europe. UEFA is one of the biggest of six continental confederations of FIFA. Of all the confederations, it is by far the strongest in terms of wealth and influence over the global game. The UEFA European Championship tournament is made up of 16 teams. Teams will be knocked out as each round progresses, until the new champions of Europe hold aloft their prize: the Henri Delaunay trophy. The 2008 tournament will be hosted by Austria and Switzerland.