This is why if they get eliminate by Germany (which is more then likely) it would not be that bad. Spain has been in decline and not as good as currently France or Germany right now. I will be surprised if another team not these two win this cup.
But if Italy does goes all the way and surprised I think you can take a positive out of it. The positive is that the Italian players will be impressed by Conte that one or two might decide to follow him to Chelsea, like a certain Bonucci....