Those countries are suffering from their ties to Greece, the euro zone country with the gravest debt and economic problems.
In reality, both moves capitulate to the problem of graduation-to-grave debt.
The somber news from some of Europe's largest countries was doubly disappointing because executives and analysts had been counting on the region's stronger economies to grow fast enough to compensate for countries like Greece and Spain that have serious debt issues and grave economic problems.
In the 180-page document, Pope Francis blamed the indifference of those in power for the "grave social debt" owed to the poor by rich nations.
The 180-page document calls on rich nations to pay their "grave social debt" to poorer countries and lambasts the UN climate talks for a lack of progress.
The 78-year-old pontiff's 50-minute address is expected to focus on his recent encyclical on the environment, which called on rich nations to begin paying their "grave social debt" to the poor.
Pope Francis has called on the world's rich nations to begin paying their "grave social debt" to the poor and take concrete steps on climate change, saying failure to do so presents an undeniable risk to a "common home" that is beginning to resemble a "pile of filth".
His encyclical, Laudato Si, called on the richest nations to pay their "grave social debt" to the poor, saying the world was beginning to resemble a "pile of filth" because of the recklessness of industry and lack of concrete action by states.
I'm in a grave of debt that I'll never get out of.
He would go, he said, from his cradle to his grave without a debt.
With its economy in a deep recession, Venezuela's ability to repay these debts is in grave doubt.
