The most common and most likely answer to this crossword clue is the 4 letter word DANE
I've seen this crossword clue in Financial Times
D
A
N
E
More clues leading to the result DANE
- Desperate man, eastern European
- Nielsen, perhaps omitting start of chorus from ballet
- Condescend to listen to EU citizen
- Ball caught out Schmeichel, for one
- Timeless Florentine writer, European
- European from England, an Englishman
- European to consent to an audience
- Stoop that’s pronounced in Hamlet?
- Great he may be, but disposed to be gloomy!
- European future pilot abandoning port in Tanzania
Buddy explains!

The straight part
We know that "Schmeichel, for one" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case schmeichel, for one = dane.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.