The Manchester United and Denmark legend appraised the strength of Joachim Low's squad, as he expects them to be crowned champions of Europe this summer
Die Mannschaft have been labelled as one of the favourites for the title, as the former goalkeeper was also quick to point to the fact he saw this particular tournament as one of the most competitive since its inception in 1960.
"There are several reasons why Germany will win Euro 2012," the Dane told Spox.com
"Most crucially, from defence to attack, they can count on the likes of [Philipp] Lahm, [Bastian] Schweinsteiger and [Mario] Gomez.
"I think it's already an advantage to have so many Bayern Munich players in the first team.
"That said, I believe we will experience a very open affair to win the Euros, in what will certainly be one of the best European Championships ever.
"Each team is fully capable of going to the quarter-finals."
Schmeichel then explained that Manuel Neuer is currently one of the best goalkeepers in the world, as he praised the maturity of his displays in Bayern Munich's Champions League run in 2011-12, which saw them make the final.
"Neuer saved several penalties this season in the Champions League, most crucially in Madrid. This is only possible if one is mentally up to the mark," he continued.
"That said, I don't know how [Arjen] Robben missed his penalty against [Petr] Cech in the final. Would another player from Bayern have scored in the same scenario? It's hard to say."
Germany kick off their Euro 2012 campaign on June 9 against Portugal in Group B.