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

Since French President Emmanuel Macron’s explosive gamble to dissolve parliament before the summer, rumors have swirled over how the newly divided National Assembly would be represented in the administration.

There were heady days for the Left this summer when snap elections made the Nouveau Front Populaire (NFP) the largest force in the National Assembly. But as fall descends, France is getting quite a different kind of government.

France’s bonds are now judged to be riskier than those of Spain for the first time since 2007, a symbolic reversal pointing to the extent of its financial-market woes.

France's borrowing costs briefly rose above Spain's for the first time since 2008 on Tuesday, according to LSEG data, in a sign of investor concerns about the new French government's ability to tackle the high budget deficit.