Unix Timestamp: 1305504000
Monday, May 16. 2011, 12:00:00 AM UTC

International Monetary Fund head Dominique Strauss-Kahn is ordered to be held without bail on sexual assault charges in New York City. //www.bbc.co.uk/news/world-us-canada-13408002 (BBC), //www.bloomberg.com/news/2011-05-16/imf-chief-strauss-kahn-ordered-held-without-bail-on-sex-assault-accusation.html (Bloomberg)

The International Monetary Fund approves another US$2 billion loan to Ireland. //www.reuters.com/article/2011/05/16/imf-ireland-idUSN1630342720110516 (Reuters)

The European Union agree to €78 billion rescue deal for Portugal. The bailout loan will be equally split between the European Financial Stabilisation Mechanism, the European Financial Stability Facility, and the International Monetary Fund.