European in spot gets excited about current spirit (9)
I believe the answer is:
zeitgeist
'spirit' is the definition.
(the spirit or mood of the times)
'european in spot gets excited about current' is the wordplay.
'european' becomes 'E' (abbreviation e.g. EU).
'in' is an insertion indicator.
'spot' becomes 'zit' (spot on one's body).
'gets' says to put letters next to each other.
'excited about current' becomes 'geist' (I can't explain this - if you can you should believe this answer much more).
'e' placed into 'zit' is 'zeit'.
'zeit'+'geist'='ZEITGEIST'
(Other definitions for zeitgeist that I've seen before include "The spirit of the times, from German" , "Spirit of a generation" , "Spirit of the moment" , "The current mood" , "Feeling for a time" .)