The tournament was held in Hala Tivoli, Ljubljana, SR Slovenia, SFR Yugoslavia from 3 to 14 March 1966.

West Germany won all their games to return to the top level of competition while Great Britain went winless and was replaced by Group C winner Italy.

West Germany was promoted to the top level while Great Britain was relegated to Group C for 1967 (but did not participate again until 1971).

The final standings of the tournament according to IIHF: Please note: At the time of the championship Sweden was awarded the bronze, however, East Germany should have won because of their better record amongst only European clubs.

In 1999 this mistake was corrected and living players were presented with the medals they were supposed to have won.