But after Spain 
The rise of Podemos is a triumph for Mr Iglesias and the technologically astute university lecturers
and
activists who designed, launched and kept control of the party in its first ten
months. It also marks the resurgence of the indignados, protesters who
peacefully took over city squares in May 2011, two-and-a-half years after Spain 
Podemos
stood for its first elections, to the European Parliament, in May and took 8%
of the vote. Just six months later it is neck-and-neck in the polls with both the
Popular Party (PP) led by Mariano Rajoy, Spain Spain 
It has taken years of chronic
unemployment, a banking bail-out, a second dip into recession (now over) and a
flood of corruption cases to see the amorphous indignados take
shape in party politics. In opinion polls support for Podemos has surged as
high as 28%. But turning this into real votes may yet prove difficult.
Mr
Iglesias promises a new politics, beyond the left-right paradigm. 
Yet many are sceptical. Some
senior party members come from groups with names like Youth with No Future or
the Anti-Capitalist Left. Others have worked with Venezuela Spain Greece 
Mr Iglesias’s main demand is
for a rewrite of Spain 1978”  and get rid of a casta of supposedly self-serving, corrupt
politicians. 
Podemos would solve the
Catalan problem by allowing an independence vote. On the economy, Mr Iglesias
wants a restructuring of Spain 
He also wants Spaniards to
work fewer hours, as a way of reducing unemployment that is still running at
24%. Economists whom he cites include such well-known names as Joseph Stiglitz,
Paul Krugman and Kenneth Rogoff.
IU and the Socialists are
watching Podemos closely. 
The head of IU, Cayo Lara,
announced on November 16th that he would not lead the party into elections next
November. Mr Lara is likely to be replaced by a 29-year-old economist, Alberto Garzón, who is another star from the
ranks of the indignados. Mr Garzón is even younger
than the most visible Podemos leaders,
who are mostly in their 30s. 
Like the pony-tailed Mr
Iglesias, he is popular on television talk shows. The two could yet work
together. The Socialists have their own
newish leader, Pedro Sánchez. They may have to decide whether to ally with
Podemos or, if it takes enough of their votes, to join a grand coalition with
the PP.
The PP sees Podemos as a
radical party that weakens its main Socialist rival. But the government also
frets that it may scare off investors. Mr Rajoy is a dogged devotee of the
constitution and a system that has seen the PP and the Socialists take it in
turns to rule Spain 
He accuses Podemos of seeking
to destroy progress made since Spain 
I
suppose it is through ignorance, but it makes no sense,” he says.
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