France suffered at least €1.2 billion in economic losses in a few days.

Omissions

• The €1.2 billion figure is an upper estimate ('remain below EUR 1.2 billion'; 'up to €1.2bn'), not a minimum, and the claim reverses that direction by saying 'no less than €1.2 billion'.
• The figure refers specifically to INSURED losses estimated by the rating agency Morningstar DBRS, not to total economic losses; uninsured damage and uninsured lost trade were not quantified in the sources found.
• The estimate was explicitly conditional on 'no further widespread riots' — a caveat the speaker omits.
• For comparison, the June-July 2023 riots in France produced €793 million in insured losses (France Assureurs) and around €1 billion in material damage per a Senate inquiry, i.e. a lower magnitude than the current event but of the same order.
• The attribution of the unrest to 'islamo-left and antifa terrorism' is the speaker's political characterisation and is not supported by any of the economic sources examined.

Sources

• PrimaryMorningstar DBRS — 'France's Latest Riots Will Test Insurers Ahead of New State-Backed Riot Insurance Mechanism'"We expect insured losses from the latest riots in France to remain below EUR 1.2 billion, making the event material but manageable for the..." / "We currently expect total insured losses to remain below EUR 1.2 billion, assuming no further widespread riots."
• SecondaryFinancial Times — 'Insurers face losses as riots in France become like natural catastrophe'"Insurers face up to €1.2bn in losses, according to analysts Morningstar DBRS, while brokers also said potential losses could breach €1bn." / "Losses from this weekend's riots quickly outstripped the more than €700mn in insured losses from riots in 2023 that lasted more than a week."
• SecondaryEuronews — 'France's riot damage doubles: How will businesses pay for thousands of wrecked shops'"The number of shops damaged during France's weekend riots has reached at least 3,000, twice the figure reported just a day earlier." / "The riots that swept the country in June and July 2023 resulted in €793 million in insured losses, France Assureurs told Euronews."
• SecondaryCourrier International — 'Les dégâts du week-end de chaos en France pourraient dépasser le milliard d'euros'"Selon l'agence de notation Morningstar DBRS, les pertes iraient jusqu'à 1,2 milliard d'euros." (According to the rating agency Morningstar DBRS, losses would go up to €1.2 billion.)