You’ve probably read about the remarkable political rise of Syriza in Greece, in an election that was a rebuke of the European austerity model led by Germany. Next up: Spain.

Mark Weisbrot, co-director of the Center for Economic and Policy Research, has this in Fortune:

The new alternative is a political party called Podemos (“we can”), which was born in January 2014 and within four months surprised everyone by winning 8 percent of the vote in the European parliamentary elections. The organizations that had presided over Spain’s heretofore two-party system – the PSOE (center-left Socialist Workers’ Party) and the PP (right-wing Popular Party) – took less than half of the vote, as compared to 81 percent in the prior (2009) election. By November of last year, Podemos was leading all other parties in the polls. It was truly a seismic political shift – for comparison, imagine a third party in the U.S. pulling ahead of Republicans and Democrats less than a year after its founding.

The whole thing is here.