European city exchange disregarding Germany? (7)
I believe the answer is:
hanover
'european city' is the definition.
(city in Germany)
'exchange disregarding germany?' is the wordplay.
'exchange' becomes 'hand over' (a hand over is an exchange or swap).
'disregarding' is a deletion indicator.
'germany?' becomes 'd' (international vehicle registration code).
'handover' with 'd' removed is 'HANOVER'.
(Other definitions for hanover that I've seen before include "British dynasty" , "Royal house from 1727" , "foreign city" , "Royal house of Britain 1714-1901" , "German city - British royal house" .)