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 Chancellor of Germany The title Chancellor has designated different offices in the history of Germany. It is currently used for the Chancellor of the Federal Republic of Germany (), the head of government of Germany. The term, dating from the Early Middle Ages, is derived from the Latin term "cancellarius". The modern office of chancellor evolved from the position created for Otto von Bismarck in the North German Confederation in 1867; this federal state evolved into a German nation-state with the 1871 Unification of Germany. The role of the chancellor has varied greatly throughout Germany's modern history. Today, the chancellor