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Europe's economies and markets have nothing to fear from the defeat of Chancellor Angela Merkel's party in German regional elections this weekend as the euro zone crisis will be on hold until Germany's national elections in September, analysts told CNBC on Monday. "You simply should not read too much into this for the federal election. We've still got eight months to go… I still think Angela Merkel is still going to be Chancellor of Germany in twelve months' time, " Alastair Newton, senior political analyst at Nomura said on CNBC Europe's "Squawk Box".