Where, in Italy, Cosmo suffered a small loss? (4)

I believe the answer is:

como

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'where in italy cosmo suffered a small loss?' is the definition.
The definition suggests a singular noun which matches the answer.

This is the entire clue.

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(Other definitions for como that I've seen before include "Italian city and lake" , "Town and lake in north Italy" , "See 12" , "lake resort" , "Italian lake - US vocalist, d. 2001" .)

I've seen this clue in the Evening Standard.

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