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,
President of Germany the presidency, were appointed by the ruling Socialist Unity Party of Germany. With the promulgation of the Grundgesetz in 1949, the office of President of the Federal Republic (in German: "Bundespräsident") was created in West Germany. Partly due to the misuse of presidential powers in the Weimar Republic, the office's powers were significantly reduced. Not only is he indirectly elected, but most of the real power was transferred to the chancellor. Because the reunification of Germany in 1990 was accomplished by the five East German states joining the Federal Republic, the president became the president of all German states. Twelve