Cryptic crossword clue
Withdrawing from European area held by cartel 10

The most common and most likely answer to this crossword clue is the 10 letter word RETRACTING

I've seen this crossword clue in The Sunday Telegraph
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Buddy explains!

The straight part
We know that "Withdrawing" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case withdrawing = retracting.
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.

What does RETRACTING mean?

RETRACTING verb
  1. To pull back inside.
  2. To draw back; to draw up.
  3. To take back or withdraw something one has said.
  4. To take back, as a grant or favour previously bestowed; to revoke.

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