A series of Ce1−xEuxO2−x/2 mixed oxides was synthesized by coprecipitation. The solids were characterized by means of XRF, SBET, XRD, UV−vis, and Raman techniques, and their catalytic activities toward CO oxidation were tested. A solid solution, with CeO2 F-type structure, is formed for europium contents (measured as Eu2O3 by XRF) ≤20% wt. For higher contents, the solid solution is not formed, but a physical mixture is detected. The existence of oxygen vacancies in the solids with Eu2O3 contents between 3 and 17% wt was demonstrated by the presence of bands at 532 and 1275 cm−1 in their Raman spectra. The catalytic performances of the solids correlate with the amount of these punctual defects in the solid solution.