The euro zone needs to boost internal demand and weaken its currency in order to compete with other major markets, the CFO of electronics and semiconductor manufacturer STMicroelectronics told CNBC on Tuesday.
The comments by Carlo Ferro come despite a pick-up in the pace of growth in currency bloc. The euro zone's economy grew faster than expected in the fourth quarter, expanding by 0.3 percent over the period compared with the previous quarter — above analyst forecasts of 0.2 percent.
Ferro, however, stressed that this was not good enough.
(Read more: Euro zone's surprise growth boosts recovery hopes)
"We expect Europe to take advantage of a clear turning from recession into recovery. We see a recovery in 2014, however this is about 1 percentage point of GDP (gross domestic product) growth - not yet enough," he told CNBC at the Mobile World Congress at Barcelona.
"Europe really needs to boost internal demand and possibly a weaker euro/dollar rate as well."
Data released last week revealed that the euro zone's private sector continued to expand in February, although a slower pace than the previous month and less than analysts expected, indicating that the region's recovery is not yet steady.
The flash estimate of the Markit euro zone composite purchasing managers' index fell to 52.7 this month, although this is close to a two-and-half-year high.