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) of the federal government elected by the "Bundestag". The other cabinet ministers (called "Bundesminister", "Federal Ministers") are chosen by the Federal Chancellor, although they are formally appointed by the Federal President on the Federal Chancellor's recommendation. The Chancellor must appoint one of the cabinet ministers as Vice Chancellor, who may deputise for the Chancellor, if they are absent or unable to perform their duties. Although the Chancellor is theoretically free to choose any cabinet minister as Vice Chancellor, they prefer, in coalition governments the Vice Chancellor is usually the highest-ranking minister of the second biggest coalition party. If the Chancellor's