Scaling Paragraph Text

Here's the scenario:

I have a block of paragraph text, it needs to stay paragraph text, fully justified because it will probably be changed many times by my customer.
I need to scale it, and all other graphics on the page, vertically only, to around 95% of it's original size.
I need the text to end up "squished".

CorelDraw X3 will scale the paragraph frame, but not the text.
With the frame smaller, some of the text will disappear, falling out of the frame.

Illustrator (which I do not like) does not do this. If you scale the frame the text is in, the text scales with it appearing to be, as I said, "squished".

If I change it to artistic text in CorelDraw, and then have changes (I always do), the text does not fit correctly into the area alloted for it, and the justification looks weird.

Is there any way to get the text within the PARAGRAPH text frame to scale a certain percentage?

Thanks,

-Rob