Because of Germany's success in the previous year, the draw for this year's championship guaranteed a final four berth for either Germany, Switzerland or Belarus. Group 1 was made up of the teams that finished 1st, 4th, 5th, and the newly promoted country, Group 2 contained 2nd, 3rd, 6th, and 7th. Unfortunately, this meant that Slovakia's first time playing at the top level, they would face Finland, Russia, and the Czech Republic, in the first round. The Swiss made the most of their opportunity, becoming just the seventh nation to finish in the top four.
On the final day the Russians and the Finns both won to finish tied for first, and since they had tied each other, it came down to goal differential in the final round. Both teams beat the Swedes by three goals, but Russia's seven goal margin against the Swiss clinched the gold.
The Greek team did not have the minimum required number of players, and were disqualified. However, they still played their games against Israel and Yugoslavia as exhibition matches. They also played an exhibition game against fifth place Turkey, defeating them seven to five.