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) Council of Ministers of the GDR "(Vorsitzender des Ministerrats der DDR)". (See Leaders of East Germany.) West Germany's 1949 constitution, the Basic Law ("Grundgesetz"), invests the Federal Chancellor ("Bundeskanzler") with central executive authority. Since the 1961 election, the two major parties (CDU/CSU and SPD) call their leading candidates for the federal election "chancellor-candidate" ("Kanzlerkandidat"), although this is not an official term and any party can nominate a Kanzlerkandidat (even if that party has no chance at all of leading or even becoming part of a government coalition). The Federal Government ("Bundesregierung") consists of the Federal Chancellor and their cabinet ministers,