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Joseph Stiglitz takes aim at Apple, Trump, the euro, and the banks

Joseph Stiglitz takes aim at Apple, Trump, the euro, and the banks

Joseph Stiglitz
David Orrell | CNBC

Nobel Prize-winning economist Joseph Stiglitz has never pulled his punches when it comes to tackling inequality and the distribution of wealth.

Now the American economist and professor at Columbia University has turned his sights on the euro and what he sees as its failure to help the European economy.

CNBC takes a look at some memorable quotes from Stiglitz through the years.

On the EU's $14.5 billion Apple penalty

Apple CEO Tim Cook poses for a portrait at Apple's global headquarters in Cupertino, California.
Andrew Burton | The Washington Post | Getty Images

"The fundamental point here is Apple unambiguously was trying to avoid taxes and it was doing it in a dishonest way, with complicity from the Irish government, pretending that the money, the profits, the billions of profits it was making, were really being originated in some Irish company that was registered in cyberspace and therefore did not have to pay any taxes."

- Speaking to CNBC, 2016

What went wrong with the euro zone?

Protesters take part in an anti-austerity pro-government demonstration in Athens at the height of the Greek crisis.
Yannis Behrakis | Reuters

"While it was an experiment to bring them together, nothing has divided Europe as much as the euro. "

- Speaking to CNBC, 2016

The state of the Germany's economy

"The best-performing country, Germany, would be given a 'D' if it were not for comparison with how bad the rest of Europe is doing."

- Speaking to CNBC, 2016

The prospect of a Trump presidency

Supporters hold signs during a campaign rally of Republican presidential candidate Donald Trump April 22, 2016 in Harrington, Delaware.
Getty Images

"Fortunately the probability of that nightmare coming through is small and I hope it is getting smaller by the day."

- Speaking to CNBC, 2016

On the state of the euro zone

German Finance Minister Wolfgan Schaeuble (C) talks with Dutch Finance Minister and president of Eurogroup Jeroen Dijsselbloem (R) before a meeting in Brussels,December 10, 2013.
John Thys | AFP| Getty Images

"Unless they put in place the kinds of institutions we have in the United States that do allow a single currency to work, they are going to face the real threat of some form of a break-up."

- Speaking to CNBC, 2016

Too big to fail?

Wall Street
Richard Boll | Getty Images

"Rather than justice for all, we are evolving into a system of justice for those who can afford it. We have banks that are not only too big to fail, but too big to be held accountable."

- Remarks to AFL-CIO, 2013

The cost of borrowing

People queue to withdraw their savings at a Cypus Popular Bank ATM, while newspapers bear titles about the Cypriot crisis.
Louisa Gouliamaki | AFP | Getty Images

"The political economy of overborrowing is easy to understand. The current borrowing government benefits, and later governments have to deal with the consequences."

- "Making Globalisation Work," 2006

The damage the euro has done

Kvkrillov | Getty Images

"There are many factors that go into the success of a country or region … What we're talking about here is one single policy change, the creation of single currency, which has had a devastating effect."

- Speaking to CNBC, 2016

E pluribus unum?

Digital Vision | Getty Images

"America has created a marvelous economic machine, but evidently one that worked only for those at the top. Of the 1 percent, for the 1 percent, by the 1 percent."

- "The Price of Inequality," 2016

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