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) clear focus of power in Germany. Under the provisions of the Basic Law giving him the power to set guidelines for all fields of policy, Adenauer arrogated nearly all major decisions to himself. He often treated his ministers as mere extensions of his authority rather than colleagues. While his successors have tended to be less domineering, the chancellor has acquired enough ex officio authority (in addition to his/her constitutional powers) that Germany is often described by constitutional law experts as a "chancellor democracy". The chancellor determines the composition of the Federal Cabinet. The President formally appoints and dismisses cabinet ministers,