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,
History of Germany (1945–90) prosperous economy in Europe. Under Chancellor Konrad Adenauer, West Germany built strong relationships with France, the United States, and Israel. West Germany also joined the North Atlantic Treaty Organization and the European Economic Community (later to become the European Union). East Germany stagnated as its economy was largely organized to meet the needs of the Soviet Union; the secret police (Stasi) tightly controlled daily life, and the Berlin Wall (1961) ended the steady flow of refugees to the west. Germany was reunited in 1990, following the decline and fall of the SED as the ruling party of the GDR. At