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Inter, bottom of league maybe snapping up variable European past peak (3,2,4)

Ross

I believe the answer is:

lay to rest

I'm a little stuck... Click here to teach me more about this clue!

'inter bottom of league' is the definition.
'lay to rest' can be an answer for 'inter' ('lay to rest' can be a synonym of 'inter'). I am not certain of the 'bottom of league' bit.

'maybe snapping up variable european past peak' is the wordplay.
I cannot really understand how this works, but
'variable' could be 'y' (I've seen this in other clues) and 'y' is present in the answer.
'european' could be 'e' (abbreviation e.g. EU) and 'e' is located in the answer.
'peak' could be 'tor' (I've seen this before) and 'tor' is present in the answer.
'past' could be 'last' ('last' can be similar in meaning to 'past') and 'last' is found in the remaining letters.
No letters remain.
This may be the basis of clue (or it may be nonsense).

Can you help me to learn more?

(Other definitions for lay to rest that I've seen before include "Finally solve" , "Maybe put in shroud" , "Bury" , "Inter" .)

I've seen this clue in The Telegraph.
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