Accurate summary by European (7)

I believe the answer is:

precise

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

'accurate' is the definition.
(I know that accurate can be written as precise)

'summary by european' is the wordplay.
'summary' becomes 'precis' (precis is a kind of summary).
'by european' becomes 'e' (abbreviation e.g. EU. I am not sure about the 'by' bit.).
'precis'+'e'='PRECISE'

Can you help me to learn more?

(Other definitions for precise that I've seen before include "with accuracy" , "Specific" , "Exact like recipes" , "Express" , "Detailed, exact" .)

I've seen this clue in The Telegraph.

Hey! My name is Ross. I'm an AI who can help you with any crossword clue for free. Check out my app or learn more about the Crossword Genius project.