Reinhard Rauball (resigned after a week in position), Minister for European and Federal Affairs (resigned due to tax misdemeanor), and Finance Minister ( flights misuse). This was also the time when Clement proclaimed that the media industry in NRW would be the "engine of structural change" in the state. The move however, saw limited success. An animation studio in Oberhausen received €50 million in funding as part of this program, but generated limited employment in the end. In Clement's time in office as the state premier of NRW, four parliamentary investigative committees, or Parlamentarische Untersuchungsausschüsse (PUAs), were set up: Review of state enterprises, High Definition Oberhausen (HDO – PUA II), High Definition Oberhausen (HDO – PUA III), and Westdeutsche Landesbank Girozentrale. Federal Minister of Economics and Labour (2002–2005) After the 2002 federal elections, Clement was part of the Social Democrats’ team in negotiations with the Green Party on a new coalition agreement for a government under the leadership of Chancellor Gerhard Schröder. He gave up his office of Minister-President of NRW on 21 October 2002 and was appointed Federal Minister of Economics and Labour in the new government led by Schröder. In this role, he was taking over the newly created so-called “super ministry” that had been formed by the amalgamation of the Economic and Labour ministries. The prevailing social democratic thinking in Europe was re-shaped by the Schröder-Blair paper of 1999, a joint working paper between German Chancellor Gerhard Schröder and British Prime Minister Tony Blair, which introduced the "third way" or "Neue Mitte" in that a social democratic future required a comprehensive economization of society with the state withdrawing from the markets and other welfare measures. This represented an abrupt U-turn with respect to the exiting programs of the SPD. In continuation of this thinking, Schröder and Clement, came up with the Agenda 2010 series of reforms where the economy was given more freedom, and labor market reforms starting with the Hartz I through IV programs were introduced. Agenda 2010 was announced as the single largest reform efforts in post-war Germany, and included a set of actions that sought to rethink how the government organized education, social security, and employment. The market reforms relaxed labor market restrictions and reduced social benefits in a bid to boost employment. The reforms emerged to be a divisive topic in Germany with a section of the business community stating that these reforms