Francois Mitterrand
Francois Mitterrand – signing the declaration – making it official.

November 21, 1990 – CBS World News Roundup – Gordon Skene Sound Collection –

November 21, 1990 – The day that signaled the end of the Paris Summit on European Security. With French President Francois Mitterrand signing the unanimously adopted document, the three-day Summit came to a historic close. The leaders in Europe and North America in turn signed the Paris Charter for a new Europe. Peace and Human Rights were the themes of the document. It committed all 34 countries to Party Democracy and Free Market economics. It’s goal was a Europe that would be free, prosperous and at peace with itself. Mitterrand emphasized that the Paris Charter commits the countries to more than platitudes.

It was an extraordinary summit, not so much for what it accomplished as for what it represented. All the countries of Europe, except Albania, plus the U.S. and Canada were signatories. And in the future, they pledged to meet every two years note progress toward their goals. The next meeting would take place in 1992 in Helsinki.

Meanwhile, the Persian Gulf crisis was never far away from discussion. Soviet Premier Gorbachev called the situation very dangerous and called for an emergency session of the UN Security Council to discuss the situation and to arrive at a decision. Decision about what, it wasn’t clear. President Bush was flying to Saudi Arabia to celebrate Thanksgiving with the troops. Before leaving Paris, Bush added that the U.S. and the Soviet Union “almost” saw eye-to-eye on the need for a UN resolution authorizing force in the region and that, in time the Soviets would join the resolution.

And Junk Bond King Michael Milken was scheduled to appear in court for sentencing. To many, the sentencing would mark the end of an era; the era of the 1980s and Junk Bonds, where Milken was reported to have made as much as $1 Billion by the age of 42. Observers predicted Milken could get 4-5 years in jail, but no one would know for sure until the sentencing would be read, later on in the day.

And that’s a small slice of what went on in the world, this November 21, 1990 as reported by The CBS World News Roundup.

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