CADES Chairman Patrice Ract Madoux

Patrice Ract Madoux

Chairman

Paris, January 15, 2008 — CADES, a French Government agency in charge of amortizing the Social Security deficit of the French Republic, provides a situation update for 2007 and its outlook for 2008. CADES Chairman Patrice Ract Madoux provides insight and commentary. – Web site: www.cades.fr