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 of the federal level. He was installed by the federal presidium (i.e. the Prussian king; since 1871 called Emperor). The Staatssekretäre were civil servants subordinate to the chancellor. Besides the executive, the constitution gave the chancellor only one function: presiding over the Federal Council, the representative organ of the states (together with the parliament the law maker). But in reality, the chancellor was nearly always installed as minister president of Prussia, too. Indirectly, this gave the chancellor the power of the Federal Council, including the dissolution of parliament. Although effective government was possible only on cooperation with the parliament (Reichstag),