Why Greece's ritual humiliation won't kill off Europe's revolutionary Left

...

Podemos are in line to become the kingmakers come elections at the end of the year.

"Iglesias understands that you need to get into power to change things", says Miguel Otero of the Elcano Institute in Madrid.

"He knows you need to drop the dogmatic discourse of the old Left in favour of courting allies and seeking compromise."

This practical attitude to power makes the current crop of Europe's young leftists a departure from their intellectual forefathers in Europe's traditional Marxist and Communist parties.

"Syriza's hardliners have just dropped out now, but in Podemos, the ideologues, including one of the intellectual inspirations, have already left complaining the party has become too institutionalised already," says Otero.

Podemos are now ripe to form a coalition with Spain's traditional Socialist party (PSOE), revived by their own young, telegenic leader, Pedro Sanchez. The Socialists are currently neck and neck with the incumbent conservative Partido Popular party of prime minister Mariano Rajoy.