Based on the provided source text, it seems that England and Portugal are considered to be the top two teams in Europe at the moment. Germany and Holland are mentioned as potentially declining teams. France and Spain are also not mentioned as top contenders in this particular thread. The ageing core of the German team and the lack of an impressive squad for the Dutch team contribute to their decline. However, it is important to note that opinions can vary among football fans, and other sources may provide a different perspective on the strength of these teams.