European champions Greece have soared 21 places to their highest position of 14th in FIFA's latest rankings announced on Wednesday.
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The Czech Republic rose seven places to fourth after their semi-final finish in Portugal.
Greece beat hosts Portugal 1-0 in Sunday's European championship final.
Portugal have risen 10 places to equal 12th with Germany who fell four places after being knocked out in the Euro 2004 first round.
Spain remain in third despite being knocked out in the group stage in Portugal.
Germany could well fall further because of the lack of competitive fixtures in the run-up to the 2006 World Cup which they host.
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