What's there to excuse in piracy? Piracy isn't theft: theft implies somebody being deprived of a copy¹. Piracy is making a copy against someone's wishes. Often greedy wishes.
This is especially true when downloading content that has been released overseas but not in your country. The production company can't possibly lose any money because they haven't released it yet in your country: you possibly couldn't buy it and shove those shiny euros down their throats if you wanted to.
There might be laws in effect that kind of try to incriminate and impose penalties for pirating but a law doesn't equal ethics.
The copyright proponents want copying a movie to be illegal because it might constitute a lost sale to someone who might try to sell that movie in the future. However, if everything worked the way they propose, nobody could ever do anything legally because it just might constitute a lost sale for someone else who might try to sell the same thing in the future.
¹) It has also been established recently that depriving of a potential sale doesn't have a correlation in reality: in one particular case the potential lost sales were estimated to be more than there's money on the planet...