SAP's Snabe: No need for 'Grexit' plans

SAP's Snabe: No need for 'Grexit' plans
SAP's Snabe: No need for 'Grexit' plans

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SAP's Snabe: No need for 'Grexit' plans 02:40

Story highlights

  • SAP does not have an emergency plan for a "Grexit," boss says
  • Co-chief executive Jim Hagemann Snabe expects the eurozone to remain together
  • Snabe believes the Greek crisis can be isolated
  • However, he says no company is immune from the crisis

German software maker SAP's boss says the company is not preparing for a "Grexit" because it expects the crisis-hit eurozone to hold itself together.

Co-chief executive Jim Hagemann Snabe told CNN he did not expect Greece to exit the common currency -- a scenario which has been dubbed the "Grexit." He said: "I see there is a strong political will to solve the situation around the euro."

Greece is a "special situation," Snabe said. He added: "We don't have a large portion of our revenue in Greece... I think the Greek situation can be isolated."

Snabe said SAP -- one of the biggest makers of business software in the world -- is well-placed despite the ongoing debt crisis in the eurozone.

He said: "We've seen double-digit growth for 11 quarters because we have the software that helps companies maneuver in this economic environment."

However, Snabe added, "no company is immune to the eurozone crisis."