When trying to upgrade from dotCloud CLI 0.3 to 0.4 under OSX running the following command
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I encountered this error
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I’m running Python 2.6, which has support for str.format(), but in
my system easy_install is bound to Python 2.5, hence the error.
The fastest way to solve this is to tell easy_install to use python 2.6
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Another way is to match easy_install with your current version of Python.
Read more about it
here.