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The Vlad Țepeș League (Romanian: Liga Vlad Țepeș, LVȚ; colloquially Țepiști, singular form: Țepist), later Conservative Party (Partidul Conservator, PC), was a political party in Romania, founded and presided upon by Grigore Filipescu. A "right-wing conservative" movement, it emerged around Filipescu's Epoca newspaper, and gave political expression to his journalistic quarrels. Primarily, the party supported the return of Prince Carol as King of Romania, rejecting the Romanian Regency regime, and questioning democracy itself. Filipescu stirred public controversy with his critique of democracy, drawing suspicions that he was creating a localized fascism. In its original form, the LVȚ idealized efficient government by dictatorial means, and allowed its fringes to be joined by ultra-nationalists and fascists. One of these was the youth-wing organizer, Gheorghe Beza, expelled from the group in 1930, after his assassination attempt on minister Constantin Angelescu.
The League achieved its main goal in 1930, when Carol took the throne, but failed to capitalize on the gains. LVȚ and PC monarchism was largely within the classical political spectrum, reclaiming the legacy of the old-regime Conservative Party. Its ostensive veneration of Vlad the Impaler, seen as an icon of justifiable violence against corrupt forces, was toned down by an appreciation of Toryism and of political moderates such as Iancu Flondor. Always a minor force, the PC relied on support from larger parties, beginning with the Democratic Nationalist Party (PND), which rewarded Filipescu's support by making him Prefect of Ilfov County. The League formed part of the government arc, or "National Union", during and after the parliamentary election of June 1931; by 1932, 17 members of the Assembly of Deputies were affiliated with the LVȚ. As exponents of economic liberalism, Filipescu and his followers were strongly opposed to the debt relief policies embraced by the PND and most other parties, identifying them with "Bolshevism".
The group split with the PND and sought other alliances—first the People's Party (PP), with statistically insignificant results in the December 1933 election; and later the National Peasants' Party (PNȚ), which had come to resent Carol's intrusion in national politics. During that interval, the LVȚ continued to espouse anti-communism, but also encouraged a tactical rapprochement between Romania and the Soviet Union—prioritizing opposition to Nazi Germany. While the more radical LVȚ members left to join the Iron Guard, Filipescu stated his anti-fascism. The League contested the local elections of early 1937 as a member of a PNȚ-led democratic and anti-fascist alliance, registering moderate success. It also followed the PNȚ line in the subsequent general election, when both parties had a non-aggression pact with the Iron Guard. Carol ultimately banned all political groups in early 1938, before creating his own single-party regime around a National Renaissance Front—which some former Țepiști agreed to join. The PC suspended itself in March 1938, and Filipescu's death in August put a definitive end to its activities.

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