Debauched roué, odd peer, Spaniards, Croatians found here (6)

I believe the answer is:

europe

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But I can't explain it at all! Could you help me understand?

(Other definitions for europe that I've seen before include "Second-smallest continent" , "states" , "Second smallest continent" , "Did Poe rue being on the continent?" , "several countries" .)

I've seen this clue in The Hindu.

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