Sounds kinda like how they did it in the World Cup, and Euro 2004.
It works for them.
Euro 2008? They won't want to remember 2004.
In 2008 they didn't play anything like this. they were free scoring. They played with real pace.
In the world cup it was hybrid game. But it was more a result of teams shutting up shop and playing everyone behind the ball. The final was an example of that. Holland completely changed their tactics. And they still lost.
The fact that they are winning makes this difficult to argue, but they are not playing well.