Spain on the Brink? = Bond Market on Spain

Telegraph: Reports that the cost of funding the debt of Spain has gone up, there are calls from the European Central Bank for there to be a bigger bail out fund. If Spain goes the Euro goes, it is that simple, even the Germans have their limits, they cant not afford to bailout Spain and Portugal, one can argue that there will be a major crisis for these countries next year, thus the bond market should insure its position by charging higher costs for keeping Spain and Portugal afloat, the fat lady will sing one day, and there will be no tips to pay her.