The resignation of Fabio Capello from the England managerial position could not have come at a much worse time for the English football Association. It has been almost a month since the resignation of the former Real Madrid manager from the post, but no replacement has been chosen for his position. England U-21 manager Stuart Pearce has been appointed as the caretaker manager for now, but it is highly unlikely that the English fans will be welcoming the appointment of Stuart Pearce on a permanent basis. The Euro 2012 is a major competition and there have been no indications that Stuart Pearce can handle that pressure. England are currently 9/1 when it comes to the Euro 2012 betting.