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Horst Seehofer (Acting)
CSU
An early indirect presidential election (officially the 15th Federal Convention) was held in Germany on 18 March 2012, the last possible day following the resignation of Christian Wulff as President of Germany on 17 February 2012. Joachim Gauck was elected on the first ballot by a Federal Convention, consisting of the 620 members of the Bundestag and an equal number of members selected by the states of Germany based on proportional representation.
On 19 February 2012, Joachim Gauck was nominated as the joint presidential candidate of the governing coalition (CDU, CSU, and FDP) and the opposition (SPD and Greens). He also had the support of the Free Voters and the South Schleswig Voter Federation.
In December 2011, allegations emerged concerning Christian Wulff’s former ties with affluent businessmen. While he was still Prime Minister of Lower Saxony, Wulff denied having had any business ties with Egon Geerkens, despite having received a private home loan of about €500,000 from Egon's wife Edith in 2008 and which Geerkens had admitted arranging. On 22 December 2011, Wulff made a public statement apologizing for his handling of the loan affair and conceded that he should have made his personal records available more quickly.