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- Switzerland's finance minister said UBS' $3.25 billion acquisition of Credit Suisse is not a bailout.
- Top economist Mohamed El-Erian disagrees and told Bloomberg TV it is a bailout.
- The Bern-brokered deal comes with government guarantees and liquidity provisions.
The Swiss government has avoided using the word bailout amid UBS' deal to acquire Credit Suisse — but top economist Mohamed El-Erian has a different opinion.