"Loyalty to Resistance" bloc said on Thursday that the US administration spares no effort to undermine the resistance and its social milieu, stressing that targeting the resistance via the banking sector is doomed to failure.

"Loyalty to Resistance" bloc said on Thursday that the US administration spares no effort to undermine the resistance and its social milieu, stressing that targeting the resistance via the banking sector is doomed to failure.

"The US Administration's recent targeting of the resistance and its people via the banking sector shall fail to achieve its goals," Loyalty to Resistance bloc said in a statement in the wake of its periodic meeting, under the chairmanship of bloc head, MP Mohammed Raad.

"The government and the Central Bank are directly concerned with protecting Lebanon's sovereignty and its monetary and social stability," bloc said, categorically considering the recent stance by the Central Bank Governor as 'ambiguous and suspicious' which demonstrates the insubordinate of the monetary policy from the national sovereignty constraints.

On the other hand, the bloc considered that "the real, proper gateway to a stable authority in Lebanon lies in the adoption of an electoral law based on constitutional standards in terms of proper, comprehensive, and effective representation."

"The majority of the formulas under discussion at the joint parliamentary committees go beyond constitutional and objective criteria," the bloc said, pointing out that some of these proposals are discretionally tailored according to interests of certain political forces.