German court upholds European bailout

Sept. 12, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson today issued the following statement on the German constitutional court’s decision to uphold the €500 billion European Stability Mechanism:

 “The ESM as drafted allows the board of governors to arbitrarily increase the amount of money each country must pledge for bailouts without any legislative approval. This was blatantly unconstitutional, and instead the court pulled a John Roberts and twisted the law to avoid their appointed responsibility, pretending this was not the case. This will forever be known as the Pontius Pilate decision; they can wash their hands forever, but they can never remove the stain.”

 Attachments: “Another Black September?” By ALG President Bill Wilson, Aug. 31, at

Interview Availability: Please contact Rebekah Rast at (703) 383-0880 or at to arrange an interview with ALG President Bill Wilson.