there are multiple inaccurate takes in this post, like the one ser b_aus addressed, and like this one:
italy was the best team of euro 2020 and the pre-tournament period. it was the last wow of chiellini and bonucci, and their win could have been easier with spinazzola who had an excellent run until his injury. and it wasn't just a few good weeks, that team was unbeaten for years and on the top of the rankings iirc. same with juventus and our two cl finals. that team was 3rd on the uefa coefficient rankings and was only beaten by barcelona, real and bayern between 2014 and 2018, and some of those losses came after unlucky episodes
same with italy (baggio's penalty, or the home loss to argentina on penalties in 90)
italy is one of the best footballing nations, regardless of their current bad situation. when they make the final, it's usually not a fluke.