In an interview with France Football on Tuesday after the publication hailed Joachim Low's charges as the best side of 2011, Bayern Munich skipper Lahm conceded that the reigning European and World Cup champions are firm favourites ahead of next year's showpiece event.
"Our confidence has never been so great as now," said Lahm.
"The results are excellent, our game is spectacular and effective and we have recently got the better of great teams like Brazil and the Netherlands."
"[However] Spain are the favorites. Then there are four or five other teams that may struggle to dethrone [them]."
Lahm also gave an insight into Germany's new-found enthusiasm and penchant for attacking and fast-flowing football.
"We've learned to take possession of the ball as quick as possible. All our players want the ball and always want to attack. That's where again we have progressed," he added.
"It is our virtue always. The difference is that our game has become more modern.
"With that philosophy, we have the means to work together for many years, knowing that the coach can have a core composed of [Bastian] Schweinsteiger, [Sami] Khedira, [Mesut] Ozil, [Manuel] Neuer and myself. It is important to be able to support these important players for several years."
Germany have twice suffered heartbreak at the hands of Spain in recent years, having gone down 1-0 in the Euro 2008 final before slumping to another 1-0 reverse to the eventual World Cup winners in the semi-finals of the competition last year.