Land in country, European nation (6)

I believe the answer is:

estate

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'land' is the definition.
(I know that land can be written as estate)

'country european nation' is the wordplay.
'country european' becomes 'e' (abbreviation e.g. EU. I am not sure about the 'country' bit.).
'nation' becomes 'state' (synonyms).
'e'+'state'='ESTATE'

'in' acts as a link.

Can you help me to learn more?

(Other definitions for estate that I've seen before include "Houses - car" , "Scheme of new housing" , "Tea-set (anag.)" , "Property left at death" , "Car; landed property" .)

I've seen this clue in The Guardian.

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