UPDATE 1-Austrian central bank rules out Hypo insolvency


* Government adviser favours insolvency approach - paper * Hypo's fast growth was fuelled by public guarantees * State took control to save bank from collapse (Adds detail and background) VIENNA, Nov 29 (Reuters) - Austria will not let nationalised lender Hypo Alpe Adria go bust, Austrian National Bank Governor Ewald Nowotny said on Friday after a newspaper reported that a top government adviser favoured the idea. "Austria reached ...


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