The battle for bragging rights on the Iberian Peninsula is set up in the semifinals of Euro 2012.

After shutting out both of their quarterfinal opponents, Spain and Portugal prepare for battle with the winner getting a chance of glory in Sunday's final.

The match will be broadcast on Wednesday June 27 at 2:45 ET in the on ESPN in the United States, with a live stream available on ESPN3.

Here is a breakdown of what each team needs to win the match and advance to the final:

Spain: After a convincing 2-0 victory against long-time rivals France, Spain sets their eyes on their neighbors to the west as they prepare for their next match. Fernando Torres along with attacking midfielder David Silva have combined three goals and three assists in the first four games of the tournament, so look for them to impress. Goalkeeper and team captain Iker Casillas has been superb through the first four games as well, allowing only one goal thus far and saving 14 shots.

Spanish coach Vicente del Bosque has caught much attention as Spain have played for much of the tournament without a conventional striker, but the way the team has been working the ball around he has come off as a genius. As everything works through veteran midfielder Xavi Hernandez, Manchester United coach Sir Alex Ferguson stated that the Spanish have formed a passing carousel in this formation and will look to continue to control the pace of the game.

Portugal: Despite dominating their quarterfinal clash with the Czech Republic, it required a late Cristiano Ronaldo strike to give then a 1-0 victory and secure their fourth ever European Championship semifinal berth. Portugal will again be leaning heavily on Ronaldo, as the superstar goes up against many of his Real Madrid teammates. On the defensive end, Pepe looks to keep his physical game going to keep the speedy Spanish forwards away from goal. In between the posts, Rui Patricio has been in decent form, stopping 11 of 15 shots this tournament.

Although Portugal is seen as the underdog, team captain Ronaldo isn't letting the pressure get to him, Our objective now is to reach the final. Why not? There's greater pressure on other sides in this tournament and we've been able to progress without excessive expectations.

Prediction: Spain's quick attack force along with the incredible fluidity of their ball movement will test the Portuguese defense and will ultimately prevail, but not without Ronaldo notching his fourth goal of the finals. Look for a good performance by David Silva as the Spanish cruise to their second-straight appearance in the final. 3-1 final score.