Put together the circles’ layers into a single one (pressing Ctrl button, marking out the appropriate layers and pres Ctrl+E). Then we need to select the Eraser Tool (E) and move off the unnecessary elements.



Create one more circle, having the next demonstrated parameters: Fill 0%



Next step includes choosing the Horizontal Type Tool (T), moving the cursor to the top circle’s edges and write the word “UEFA”.

 



Next we’ll write other words – EURO 2008 Austria – Switzerland, under the word UEFA.



EURO



2008



Austria-Switzerland



Above the EURO word on the Layers’ palette we’ll insert the layers with the ellipses, having the color #FC2C28



Keep pressed Alt button and make a mouse click between the ellipses layers and the EURO layer (on the layers’ palette).

 



The logotype is done. Merge Down the logotype’s layers into a single one (keep pressed Ctrl button to mark out the necessary layers and press Ctrl+E). Insert the logotype on the right top corner of the picture. The logotype’s size may be changed with Free Transform option.



Create a new layer now and use on it a standard brush of white color to represent two lines made of dots.



Select the programs Toggle the brushes palette from the top part of the panel.

 



Finished!

View full size here.