Recruit experienced, inspiring European Chancellor (8)
I believe the answer is:
headhunt
'recruit' is the definition.
(I've seen this before)
'experienced inspiring european chancellor' is the wordplay.
'experienced' becomes 'had' (have can mean to experience or go through).
'inspiring' is an insertion indicator.
'european' becomes 'e' (abbreviation e.g. EU).
'chancellor' becomes 'hunt' (I can't explain this - if you can you should give a lot more credence to this answer).
'had' enclosing 'e' is 'head'.
'head'+'hunt'='HEADHUNT'
Can you help me to learn more?
(Other definitions for headhunt that I've seen before include "Attempt to recruit personnel from other companies" , "Approach someone to fill a business vacancy" , "Pick (employee from another firm)" .)