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It was the first finals appearance for Spain, whose best achievement in the World Cup was the fourth place in 1982. Greece also made its first Final appearance, after finishing fourth in the last two tournaments.
Spain won the final 70–47, and won its first World Cup title. Also, Spain qualified for the 2008 Summer Olympics.
Spain play the final without their star player, later to be named tournament MVP, Pau Gasol, who suffered partial fracture of his fifth metatarsal in his left foot in the Semi-final against Argentina. Greece just came off a stunning victory against the United States in their semi-final.