Forced abdication
In November 1947, King Michael travelled to London for the wedding of his cousins, Princess Elizabeth (later Queen Elizabeth II) and Prince Philip of Greece and Denmark, an occasion during which he met Princess Anne of Bourbon-Parma (his second cousin once removed), who was to become his wife. According to his own account, King Michael rejected any offers of asylum and decided to return to Romania, contrary to the confidential, strong advice of the British Ambassador to Romania.
Early on the morning of 30 December 1947, Michael was preparing for a New Year's party at Peleș Castle in Sinaia, when Groza summoned him back to Bucharest. Michael returned to Elisabeta Palace in Bucharest, to find it surrounded by troops from the Tudor Vladimirescu Division, an army unit completely loyal to the Communists. Groza and Communist Party leader Gheorghe Gheorghiu-Dej were waiting for him, and demanded that he sign a pre-typed instrument of abdication. Unable to call in loyal troops, due to his telephone lines allegedly being cut, Michael signed the document. Later the same day, the Communist-dominated government announced the abolition of the monarchy, and its replacement by a People's Republic, broadcasting the King's pre-recorded radio proclamation of his own abdication. On 3 January 1948, Michael was forced to leave the country, followed over a week later by Princesses Elisabeth and Ileana, who collaborated so closely with the Soviets that they became known as the King's "Red Aunts". He was the last monarch behind the Iron Curtain to lose his throne.
Michael's own account of the abdication varied over time, and was gradually embellished, especially after 1990. Thus, in accounts published in 1950 and 1977, Michael only mentioned seeing armed groups with machine-guns on their shoulders around the palace, while in much later accounts these were described as "heavy artillery, ready to fire at any moment". The story of the supposed blackmail also evolved: in the 1950 account, Groza tried to negotiate some form of material compensations for the abdication, noting he could not guarantee for Michael's life in case he refused, and his refusal could lead to thousands of arrests and possibly a civil war; in a hearing before the United States House of Representatives in 1954, Michael mentioned Groza's generic threats regarding his personal security, bloodshed and ruin of the country, as well as "vague hints" of persecution, with Groza suggesting the government had a large dossier on Michael; the possible arrest of thousands and a generic threat of bloodshed is also mentioned in the 1977 account; however, beginning with 1990, Michael claimed that Groza threatened to shoot 1,000 students that had already been arrested for publicly showing their attachment to the throne. Thus, while according to a Time article published in 1948, Groza threatened to arrest thousands of people and order a bloodbath unless Michael abdicated, in an interview with The New York Times from 2007, Michael recounted: "It was blackmail. They said, 'If you don't sign this immediately we are obliged'—why obliged I don't know—'to kill more than 1,000 students' that they had in prison." In historian Ioan Scurtu's opinion, the new account was created in order to leverage the recent Revolution of 1989, presented at the time as a revolution of the youth and the students. Another new element in Michael's account after 1990 was that Groza had threatened him at gunpoint; in earlier accounts Michael mentioned that Groza had shown him the pistol he was carrying only after Michael signed the abdication.
According to the autobiography of the former head of the Soviet intelligence agency NKVD, Major General Pavel Sudoplatov, the Deputy Soviet Foreign Commissar Andrey Vyshinsky personally conducted negotiations with King Michael for his abdication, guaranteeing part of a pension to be paid to Michael in Mexico. According to a few articles in Jurnalul Național, Michael's abdication was negotiated with the Communist government, which allowed him to leave the country with the goods he requested, accompanied by some of the royal retinue.
According to Albanian Communist leader Enver Hoxha's account of his conversations with the Romanian Communist leaders on the monarch's abdication, it was Gheorghiu-Dej, not Groza, who forced Michael's abdication at gunpoint. He was allowed to leave the country accompanied by some of his entourage and, as confirmed also by the Soviet leader Nikita Khrushchev recounting Gheorghiu-Dej's confessions, with whatever properties he desired, including gold and rubies. Hoxha also wrote that pro-Communist troops surrounded the palace, to counter army units who were still loyal to the King.
In March 1948, Michael denounced his abdication as illegal, and contended he was still the rightful King of Romania. According to Time magazine, he would have done so sooner, but for much of early 1948, he had been negotiating with the Communists over properties he had left in Romania.
There are reports that Romanian Communist authorities allowed King Michael to depart with 42 valuable Crown-owned paintings in November 1947, so that he would leave Romania faster. Some of these paintings were reportedly sold through the famed art dealer Daniel Wildenstein. One of the paintings belonging to the Romanian Crown, which was supposedly taken out of the country by King Michael in November 1947, returned to Romania in 2004 as a donation made by John Kreuger, the former husband of King Michael's daughter Irina.
In 2005, Romanian Prime Minister Călin Popescu-Tăriceanu denied these accusations about King Michael, stating that the Romanian government has no proof of any such action by King Michael and that, prior to 1949, the government had no official records of any artwork taken over from the former royal residences. However, according to some historians, such records existed as early as April 1948, having been, in fact, officially published in June 1948.
According to Ivor Porter's authorized biography, Michael of Romania: The King and The Country (2005), which quotes Queen Mother Helen's daily diary, the Romanian royal family took out paintings belonging to the Romanian Royal Crown, on their November 1947 trip to London to the wedding of the future Queen Elizabeth II; two of these paintings, signed by El Greco, were sold in 1976.
According to declassified Foreign Office documents that were the subject of news reports in 2005, when he left Romania, the exiled King Michael's only assets amounted to 500,000 Swiss francs. Recently declassified Soviet transcripts of talks between Joseph Stalin and the Romanian Prime Minister Petru Groza show that shortly before his abdication, King Michael received from the communist government assets amounting to 500,000 Swiss francs. King Michael, however, repeatedly denied that the Communist government had allowed him to take into exile any financial assets or valuable goods besides four personal automobiles loaded on two train cars.