My Starting XI would be:
Hart

Johnson
Terry
Lescott
Cole

Gerrard
Parker

Walcott/Milner
Young
Chamberlain

Welbeck

Keepers as they are

Richards, lescott, cahill, terry, cole, gibbs, lescott, jones

Albrighton, a. Johnson, the OX, gerrard, britton, parker, milner, walcott

Sturridge, rooney, welbeck, crouch

This is my pick including injuries and such

Goal keepers:
Hart Ruddy Stockdale
Defenders:
Terry Walker Johnson Cole Baines Jones Lescott Richards
Midfielders:
Gerrard Lampard Parker Young Walcott Barry Chamberlain Milner
Strikers:
Rooney Welbeck Sturridge

No one picking carrol? Lol

This would be my personal pick

Goalkeepers: Hart, Green, Robinson

Defenders: Walker, Richards, Terry, Lescott, Jones, Ferdinand, Baines, Cole

Midfielders: Parker, Barry, Lennon, Walcott, Gerrard, Lampard, Milner, Young, Cleverly

Strikers: Rooney, Defoe, Welbeck, Holt

Here's another slightly modified version of RedknappsRebel's squad above:

Goalkeepers: Hart, Green, Stockdale

Defenders: Walker, Richards, Terry, Cahill, Lescott, Jones, Baines, Cole.

Midfielders: Parker, Barry, Scholes, Lennon, Walcott, Gerrard (Morrison), Lampard, Milner, Young, Bale

Strikers: Rooney, Holt, Defoe, Welbeck

So if you were Roy Hodgson who would be in your 23 man squad for the Euros?
Heres mine:

Goalkeepers: Hart, Green, Carson.

Defenders: Walker, Richards, Terry, Cahill, Lescott, Jones, Baines, Cole.

Midfielders: Lennon, Walcott, Gerrard, Lampard, Parker, Milner, Young, Barry.

Strikers: Holt, Rooney, Welbeck Sturridge.

There are numerous other players that we could taoe, but that is the 23 i'd take.
Who would you take?