- Associated Press - Tuesday, July 13, 2010

PARIS (AP) — The treasurer of Nicolas Sarkozy’s conservative party says he will resign at the end of the month, amid pressure from the French president and a scandal involving allegations of illegal campaign financing.

Mr. Sarkozy said he wanted Eric Woerth to resign from his job as UMP treasurer. Mr. Woerth told reporters after a Cabinet meeting Tuesday “yes, I will do it.”

Mr. Woerth was later quoted in the daily Le Figaro as saying he will resign July 30, to allow time to find a successor.

Mr. Woerth is also labor minister and is expected to keep that job.

A former accountant for L’Oreal cosmetics heiress Liliane Bettencourt said Ms. Bettencourt gave about $190,000 in cash to Mr. Woerth, as UMP treasurer, during Mr. Sarkozy’s 2007 presidential campaign. Mr. Sarkozy and Mr. Woerth deny this.