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Germany has weakened in recent years but Leon Draisaitl will be great when he develops. Ehroff, Goc, Greiss, Holzer, Seidenberg. Grubauer in AHL, and Alexander Sulzer in DEL.
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I personally don't think they have weakened but it's hard to prove given the results. It's just that Germany never had a chance to even be near to ice their best players in the last 15 years or so.
Just to add to your list, there is also Zepp, Rieder, Wolf, some AHLers with potential (Abeltshauser, Kühnhackl) and plenty of former NHLers (Schubert, Hecht, etc.).
If coached the right way that team would not get blown out in my opinion. But of course Switzerland and Slovakia deserve to be there much more.
I'm willing to bet a large sum that Seidenberg will opt out of any Leftovers team by the way.