European Parliament to lay out final offer on bank resolution

Negotiations enter final stages in long-running wrangle

Euro sign outside the European Central Bank in Frankfurt

Leading members of the European parliament have taken the extraordinary step of preparing a final text of the single resolution mechanism legislation, in a last-ditch attempt to force agreement between it and the European Union's (EU) Economic and Financial Affairs Council (Ecofin).

The text will represent the parliament's last compromise offer over the issue. It will be presented to Ecofin before its next meeting on March 11, and will be discussed during the ‘trialogue' negotiations over the le