Can I get coloured output in interactive python shell?

When I open a python shell with python, can I have a colored output? For example red errors like you are used from IDEs?

>>> 10 * (1/0)
Traceback (most recent call last):
  FIle "<stdin>", line 1, in <module>
ZeroDivisionError: integer division or modulo by zero
>>> 

I both read man python and python --help, but didn't find anything regarding colours so I assume that there is nothing by default, but is it achievable anyway?

Use IPython for an enhanced Python interactive shell.

sudo apt-get install ipython     # Python 2
sudo apt-get install ipython3    # Python 3

For example:

IPython has other useful features, such as a browser-based interface.