The match is likely to be a draw. Italy's defense is very strong. Defenders of spin are also very experienced. Spain has conceded many goals though. However, they followed the attacking strategy so they conceded too many goals. They don’t look like they will play so aggressively against Italy. Both teams will want to not concede goals..
Sure. Especially if Spain will be configured to control the ball. The Italian national team has a historical tradition of sticky defense (catenaccio), so they will simply close and wait for their chance in the counterattack. Accordingly, it is very likely that if an unexpected goal does not occur, we will see extra time or even a penalty shootout.