Both group hosts are favored to advance. It's a huge mismatch. Hell, Italy, Germany, England, Netherlands, Spain and Denmark of all teams wil play all three group games at home. The rich only get richer. Makes me wanna cheer for Belgium straight away.
The only big football countries that aren't hosts is due to close geographical proximity of another big powerhouse. There's no point of a group with Spain/Portugal, Germany/France or Netherlands/Belgium because that would be a huge fraud. You get all these qualies, playoffs and whatever to be drawn alongside two major powerhouses? No way. That's why Spain/Ireland, Netherlands/Romania or Germany/Hungary groups are there because you can at least sell the false hope of beating the lesser host.
This idea is just horrible every way you look at it. Platini should be fucking ashamed of this nonsense but he's lost all credibility already.