"It's very difficult today to be positive because we are still so disappointed at not going through to the semi-final," said Roy Hodgson.
"We had our dreams and when your dreams are shattered, you can't put too positive a spin on it."
He added that he hoped the way the team had performed and behaved would set a platform for future tournaments.
Find out Mario Balotelli's response when he was asked if he had a message for his Manchester City team mate and England goalkeeper Joe Hart.
Police have launched an investigation into the alleged online racist abuse of two England footballers who missed penalties against Italy.
England waves goodbye to Euro 2012 after losing to Italy on penalties.