I've managed to find out which teams are liscenced and which are not.
Of the teams that are in FIFA 12 by default all those are liscenced (with real players). The only two other teams which are liscenced (with real players) are Cyprus and Cezch Republic. All other teams are unliscenced, including co-hosts Ukraine and a few big teams such as Serbia, Slovakia, Wales and Bosnia.
Of the teams that are in FIFA 12 by default all those are liscenced (with real players). The only two other teams which are liscenced (with real players) are Cyprus and Cezch Republic. All other teams are unliscenced, including co-hosts Ukraine and a few big teams such as Serbia, Slovakia, Wales and Bosnia.