I think it is totally independent. Just install them, then you have the commands e.g. /usr/bin/python2.5
and /usr/bin/python2.6
. Link /usr/bin/python
to the one you want to use as default.
All the libraries are in separate folders (named after the version) anyway.
If you want to compile the versions manually, this is from the readme file of the Python source code:
Installing multiple versions
On Unix and Mac systems if you intend to install multiple versions of Python
using the same installation prefix (--prefix argument to the configure
script) you must take care that your primary python executable is not
overwritten by the installation of a different version. All files and
directories installed using "make altinstall" contain the major and minor
version and can thus live side-by-side. "make install" also creates
${prefix}/bin/python3 which refers to ${prefix}/bin/pythonX.Y. If you intend
to install multiple versions using the same prefix you must decide which
version (if any) is your "primary" version. Install that version using
"make install". Install all other versions using "make altinstall".
For example, if you want to install Python 2.5, 2.6 and 3.0 with 2.6 being
the primary version, you would execute "make install" in your 2.6 build
directory and "make altinstall" in the others.
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