Possible Clues:

• Elevate East German city over the French
• Improve status of the French, after reflecting what's good for France
• Add dignity to printer's measure getting prize say
• Turn to peer inside gear-wheel, bonnet being raised
• Raise meaning of belief every so often
• Distinguish European news with outside broadcast by the French
• Greek leaving French city having received new honour
• Bestow peerage on
• Honour Parisian's good turns, with 50% less
• Raise up