with Dumitru Coroamă. Shortly afterward, Antonescu heard rumours that two of Carol's loyalist generals, Gheorghe Mihail and Paul Teodorescu, were planning to have him killed. In reaction, he forced Carol to abdicate, while General Coroamă was refusing to carry out the royal order of shooting down Iron Guardist protesters. Michael ascended the throne for the second time, while Antonescu's dictatorial powers were confirmed and extended. On 6 September, the day Michael formally assumed the throne, he issued a royal decree declaring Antonescu Conducător (leader) of the state. The same decree relegated the monarch to a ceremonial role. Among Antonescu's subsequent measures was ensuring the safe departure into self-exile of Carol and his mistress Elena Lupescu, granting protection to the royal train when it was attacked by armed members of the Iron Guard. The regime of King Carol had been notorious for being the most corrupt regime in Europe during the 1930s, and when Carol fled Romania, he took with him the better part of the Romanian treasury, leaving the new government with enormous financial problems. Antonescu had expected, perhaps naïvely, that Carol would take with him enough money to provide for a comfortable exile, and was surprised that Carol had cleared out almost the entire national treasury. For the next four years, a major concern of Antonescu's government was attempting to have the Swiss banks where Carol had deposited the assets return the money to Romania; this effort did not meet with success. Horia Sima's subsequent cooperation with Antonescu was endorsed by high-ranking Nazi German officials, many of whom feared the Iron Guard was too weak to rule on its own. Antonescu therefore received the approval of Ambassador Fabricius. Despite early promises, Antonescu abandoned projects for the creation of a national government, and opted instead for a coalition between a military dictatorship lobby and the Iron Guard. He later justified his choice by stating that the Iron Guard "represented the political base of the country at the time." Right from the outset, Antonescu clashed with Sima over economic questions, with Antonescu's main concern being to get the economy growing so as to provide taxes for a treasury looted by Carol, while Sima favored populist economic measures that Antonescu insisted there was no money for. Antonescu-Sima partnership The resulting regime, deemed the National Legionary State, was officially proclaimed on 14 September. On that date, the Iron Guard was remodelled into the