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If the sales go poorly, it could further weaken confidence in Europe's financial system.
"Importantly, the debt ceiling debate is still upcoming and could further weaken confidence," he said.
By itself, the 1929 crash did not so weaken confidence and consumer buying that it caused the Depression.
It could also lead to trade barriers between the close neighbours, and weaken confidence in the Northern Ireland peace process.
This week's ruling will only weaken confidence in the willingness of countries to bail out foreign creditors.
The US consul in Istanbul came to the mayoralty to commiserate; the case, she said, would "weaken confidence in Turkish democracy".
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That's why, nine times this year, the Fed has lowered interest rates -- at least partly to counter weakening confidence.
It believes Saunders's tenure as director of public prosecutions has weakened confidence in the judicial process.
American and European officials said the shifting fiscal year and weakening confidence are certainly part of the problem.
"The financial crisis is endangering all of the achievements of the Salam Fayyad government and weakening confidence in him.
Luke Baker writes: "Bailing-in" bank depositors would be legally difficult and carry the risk of weakening confidence in banks across the eruozone, the officials said.
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