Royal family treasuring good times over in European city (9)

I believe the answer is:
stuttgart
'european city' is the definition.
(I've seen this before)
I cannot understand how the rest of the clue works.
Can you help me to learn more?
(Other definitions for stuttgart that I've seen before include "Capital of Baden-Wurttemberg" , "City in Germany" , "City, capital of Baden-WYrttemberg" , "European city" , "Ger. city on R. Neckar" .)