No, but a lot of teams e.g. Portugal, France, Italy, Holland have really gone down a few levels from "world power status".
Portugal was never a "world power", although the past dozen years they have been a strong dark horse contender (lately they have lost that status as C Ronaldo has failed at two consecutive World Cups). Netherlands have not lost that status by any means, they were finalists at WC10 and reached the semifinals of WC14 going undefeated in the process. France had a miserable WC10 but have rebounded during Euro12 and WC14. They are a young team for the most part and look ready to regain their elite status. Italy indeed has lost a lot of their luster in the past two WCs, they should really be worried about the state of their NT. It could be that Spain takes their place in the hierarchy.
France hardly rebounded at Euro 2012 - they won one game. Italy have had 2 bad WCs in a row but they reached the final of the Euros so. And looking at Hollands current squad, they were lucky to get as far as they did in the WC, had a disastrous Euros and since the world cup have been awful.
Soccernomics presents the argument that England actually do as well if not better than they should given resources, population etc
It really depends on how you measure it. The weird thing about England is their consistency, being at a level just below the strongest sides. For example, taking tournaments over the last 30 years, only two European countries (Germany and Holland) have made the last 8 of tournaments more than England. Germany have 12, Holland 10, while England's 9 puts them level with Spain and France. QFs 12: Germany 10: Holland 9: England, Spain, France 8: Italy 6: Portugal 4: Czech Republic, Denmark 3: Sweden, Croatia, Turkey, Russia/USSR 2: Belgium, Yugoslavia, Ireland, Romania, Greece 1: Bulgaria, Scotland In semi finals though, England are joint 11th, winning just 2 of those quarter finals. SFs 11: Germany 7: Holland 6: Italy 5: France 4: Portugal 3: Spain 2: England, Sweden, Turkey, Russia/USSR, Czech Republic 1: Belgium, Bulgaria, Croatia, Denmark, Greece
And I think that's a key point. It depends how you define powerhouse? If it's winning things then no - but by that logic few teams can be considered powerhouses. But if it's flipped to a powerhouse being an international team who 9 times out of 10 will get to a tournament then absolutely yes. Where England have struggled for years is getting results against the very best nations. As soon as we play them at a tournament, we go out. You have to go back to 2002 when we beat Argentina as the last time we've got a result against a better side.
In Europe, historically (over-all success)..... England rank 14th Germany 1st (3) / 2nd (3) / 3dr, 4th (3) = 9 Spain 1st (3) / 2nd (1) = 4 France 1st (2) / 2nd (1) / 3rd, 4th (2) = 5 Russia/USSR 1st (1) / 2nd (3) / 3rd, 4th (2) = 6 Italy 1st (1) / 2nd (2) / 3rd, 4th (2) = 5 Portugal 1st (1) / 2nd (1) / 3rd, 4th (3) = 5 Czech 1st (1) / 2nd (1) / 3rd, 4th (3) - 5 Holland 1st (1) / 2nd (0) / 3rd, 4th (4) = 5 Denmark 1st (1) / 2nd (0) / 3rd, 4th (2) = 3 Greece 1st (1) = 1 Yugoslavia 1st (0) / 2nd (2) / 3rd, 4th (1) = 3 Belgium 1st (0) / 2nd (1) / 3rd, 4th (1) = 2 Hungary 1st (0) / 2nd (0) / 3rd, 4th (2) = 2 England 1st (0) / 2nd (0) / 3rd, 4th (2) = 2 Sweden 1st (0) / 2nd (0) / 3rd, 4th (1) = 1 Turkey 1st (0) / 2nd (0) / 3rd, 4th (1) = 1 Wales 1st (0) / 2nd (0) / 3rd, 4th (1) = 1 WC in terms of top 3 finishes: Germany - 12 (4 cups) Brazil = 9 (5 cups) Italy = 7 (4 cups) Argentina = 5 (2 cups) France = 4 (1 cup) Holland = 4 (0 cups) Sweden = 3 (0 cups) Uruguay = 2 (2 cups) Czech = 2 (0 cups) Hungary = 2 (0 cups) Poland = 2 (0 cups) Spain = 1 (1 cup) England = 1 (1 cup) Portugal = 1 (0 cups) Austria = 1 (0 cups) Chile 1 (0 cups) Croatia 1 (0 cups) Turkey 1 (0 cups) USA 1 (0 cups) Historically, I consider Brazil, Germany, Italy, Argentina "world powers". Tiers at different levels below those 4.
[tinfoil hat] Potentially a contributing reason as to why England can reach a certain stage consistently (QF) but not beyond. [tinfoil hat]
It doesn't matter that the US and Mexico did better than those countries, especially in the US's case. We're stupid Americans who couldn't possibly understand what "football" is and must be talked down to at every opportunity the average European has.