Brazil's Fraga confident in Argentina's recovery

Brazil's central bank chief Arminio Fraga said Thursday he is confident that neighbouring Argentina will leave its economic woes behind although there will be no "instant miracle." Speaking during a television interview, Fraga said Argentina has been the "victim" of low, commodity prices, a strong dollar and even Brazil's own devaluation last year which gave it a competitive edge over its neighbour. But, he said Argentina will leave its crisis behind. "What Argentina has which is good, is an