Switzerland on Friday became the latest country to pull out of the race to host matches at Euro 2020, the first continent-wide edition of Europe's top international football tournament.

The Swiss Football Federation announced that it had decided not pursue its bid to have the St. Jakob-Park stadium in the northern city of Basel included on the 13-venue list due to be drawn up by the sport's European governing body UEFA.

SFF president Peter Gillieron said the fact that Switzerland hosted Euro 2008 along with neighbouring Austria was a major factor.

"We felt that countries which have organised the European championships over the past 12 years had, at best, a slim chance of being picked for Euro 2020," he said in a statement.

As a result, said SFF secretary general Alex Miescher, the federation did not feel able to make the financial investment nor to muster support from get local and national politicians.

The announcement came shortly after French Football Feedration president Noel Le Graet said his federation would not be putting Lyon forward as a candidate city as it would be hosting matches in 2016 when France stage the tournament.

Earlier this week the Czech Republic and Euro 2012 co-host Poland both pulled out of the race, but Belgium confirmed that Brussels would officially be presented as a candidate city.

UEFA will announce the 13 cities set to play host to the tournament in September as president Michel Platini puts into place the unprecedented new format across the continent.

Germany, which hosted Euro 1988 and the 2006 World Cup, has already entered the Euro 2020 fray, with Munich its candidate city.