Germany is to have a new Chancellor. Angela Merkel, will head a black/red grand coalition of Christian Democrats and Social Democrats. In return for the chancellorship, the Social Democrats get 8 ministries (including foreign affairs) and the vice-chancellorship. It will be an interesting test for consensus politics. Apparently, the second of two jokes in the campaign has been asking 'Wer wird Kanzlerin?' or 'Who is the (female) chancellor going to be?'
Merkel will be the first Bundeskanzlerin in Germany's history. It's not clear if the present chancellor, Gerhard Schroeder, will be vice-chcancellor or even a member of the new government.