Chancellor of Germany (1949–present) German chancellor until the end of the Holy Roman Empire in 1806 while the Archbishop of Cologne was Chancellor of Italy and the Archbishop of Trier of Burgundy. These three Archbishops were also Prince-electors of the empire. Already in medieval times the chancellor had political power like Willigis of Mainz (Archchancellor 975–1011, regent for Otto III 991–994) or Rainald von Dassel (chancellor 1156–1162 and 1166–1167) under Frederick I. The modern office of chancellor was established with the North German Confederation, of which Otto von Bismarck became chancellor of the Confederation (official German title: "Bundeskanzler") in 1867. After unification of Germany
Chancellor of Germany invests the chancellor (German, "Bundeskanzler") with broad powers to initiate government policy. For that reason, some observers refer to the German political system as a "chancellor democracy". Whichever major party (CDU/CSU or SPD) does not hold the chancellorship usually calls its leading candidate for the federal election "chancellor-candidate" ("Kanzlerkandidat"). The federal government ("Bundesregierung") consists of the chancellor and his or her cabinet ministers. The chancellor's authority emanates from the provisions of the Basic Law and in practice from his or her status as leader of the party (or coalition of parties) holding a majority of seats in the "Bundestag" (federal