Crossword Genius

Welsh town boosted politician in Europe with no money (8)

Ross

I believe the answer is:

pembroke

I'm a little stuck... Click here to teach me more about this clue!

'welsh town' is the definition.
(I've seen this before)

'boosted politician in europe with no money' is the wordplay.
I cannot really understand how this works, but
'europe' could be 'e' (abbreviation eg in E number) and 'e' is found in the answer.
'politician' could be 'pm' (short for prime minister) and 'pm' is found within the remaining letters.
'no' could be 'o' (O resembles 0) and 'o' is found within the answer.
This explanation may well be incorrect...

Can you help me to learn more?

(Other definitions for pembroke that I've seen before include "An Ox., a Camb. college; Welsh town, castle" , "Oxford college; small table" , "Former Welsh county" , "Welsh port" , "Two Oxbridge colleges; a shire" .)

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