Following an unprecedented period where France was without a government, Michel Barnier has now announced a cabinet, which in composition is centre-right.

France’s new government dominated by conservatives and centrists has gathered for the first time as Prime Minister Michel Barnier set budget and migrant issues as top priorities.

Barnier convened an early morning meeting with newly appointed ministers ahead of a brief Cabinet session in the afternoon with centrist President Emmanuel Macron at the Elysee presidential palace. The long-awaited list of government members was unveiled Saturday,

Bank of France Governor Francois Villeroy de Galhau said it’s urgent for the country to deal with its deficit and debt challenges as bond markets are increasingly sending warnings about the risks.

Concerns are growing among France's European Union partners and on financial markets that the fragility of its minority government could weaken efforts to shore up its public finances and so risk undermining the EU's new fiscal rules.

France’s ongoing financial troubles are causing unease among its European Union partners and financial markets, as concerns mount that the vulnerability of its minority government could hinder efforts to stabilize public finances.