South European peninsula where it snows a lot (7)

I believe the answer is:

siberia

'where it snows a lot' is the definition.

'south european peninsula' is the wordplay.
'south' becomes 'S' (synonyms).
'european peninsula' becomes 'iberia' (I've seen this in another clue).
's'+'iberia'='SIBERIA'

(Other definitions for siberia that I've seen before include "Cold spot" , "Russian far-east" , "Area of eastern Russia" , "chosen by Putin for no-frills travel?" , "Eastern region of Russia" .)

I've seen this clue in The Everyman puzzle in The Observer.

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