Javier Milei is the antithesis of Germany's political class, and the comparison could hardly be starker. While Germany continues to expand the state, Argentina is slashing subsidies and radically reducing the size of its public bureaucracy. Friedrich Merz believes in the healing powers of state intervention, whereas Milei is deregulating markets and paving the way for an investment boom. Milei first unveiled the proposal in his characteristically entertaining style during a televised address to the Argentine people. For Chancellor Friedrich Merz, Milei has become something of a red flag.