French prime minister announces new Cabinet

By The Associated Press | May 16, 2012 | 1:56 PM EDT

Outgoing French prime minister Francois Fillon and his wife Penelope, right, pose with new prime minister Jean-Marc Ayrault, second from left, and his wife Brigitte, left, at the Hotel Matignon in Paris, Wednesday May 16, 2012. France's new prime minister, a moderate Socialist with an affinity for Germany who will no doubt be quickly pressed into service to tend to the nation's all-important relationship with Berlin, took office Wednesday.(AP Photo/Remy de la Mauviniere)

PARIS (AP) — French Socialist Prime Minister Jean-Marc Ayrault has completed his first task on the job and named the new Cabinet.

Laurent Fabius, a veteran Socialist and former prime minister, is to be the new foreign minister, replacing conservative Alain Juppe.

Pierre Moscovici, President Francois Hollande's campaign director and a former minister for European affairs, will become finance minister.

Jean-Yves Le Drian, a friend of Hollande's, will head up the Defense Ministry.