History of Germany since 1990 Helmut Kohl was reelected as Chancellor for his fifth and last term. The ruling liberal-conservative coalition government, consisting of the CDU/CSU and the FDP, lost the German federal election, 1998, and Gerhard Schröder was elected as Chancellor, the head of a coalition government consisting of his own SPD party and The Greens. Joschka Fischer, a leading Green politician, became Vice Chancellor and Foreign Minister. Shortly after the formation of the government, Minister of Finance Oskar Lafontaine, a former SPD chairman and rival of Schröder, resigned from the cabinet. He was succeeded as Minister of Finance by Hans Eichel. In 1998,
Chancellor of Germany (1949–present) the office of Chancellor has fallen vacant, which happens if the Chancellor dies or resigns, or if a newly elected "Bundestag" ("Federal Diet", the German Parliament) meets for the first time, the Chancellor is elected by a majority of the members of the "Bundestag" upon the proposal of the President ("Bundespräsident", literally "Federal President") ("1st voting phase"). This vote is one of the few cases in which a decision requires a majority of all elected members of the "Bundestag", not just a majority of those assembled at the time. This is referred to as the "Kanzlermehrheit" ("chancellor majority"), and is