Consume power beyond America and Europe (3,2)
I believe the answer is:
use up
'consume' is the definition.
(synonyms)
'power beyond america and europe' is the wordplay.
'power' becomes 'p' (symbol in physics).
'beyond' says to put letters next to each other.
'america' becomes 'US' (United States).
'and' is a charade indicator (letters next to each other).
'europe' becomes 'EU' (European Union).
'us'+'eu'='useu'
'p' put after 'useu' is 'USE UP'.
(Other definitions for use up that I've seen before include "Consume (stocks)" , "Expend" , "Entirely consume" , "Completely consume" , "Finish, exhaust" .)