Italian Prime Minister Silvio Berlusconi is set to resign on Saturday after a new budget law is approved in parliament, making way for an emergency government and ending one of the most scandal-plagued eras in Italy's post-war history. Once Berlusconi steps down, former European Commissioner Mario Monti is expected to be given the task of trying to form a new administration to manage a widening financial crisis that has put the future of Europe's single currency at risk. The lower house of parliament began debating a package of economic reforms intended to reverse a collapse of market confidence ahead of a vote due after 2000 PST. The definitive approval of the package, which cleared the Senate on Friday and the lower house budget committee on Saturday, will mark the final act of the Berlusconi government. Berlusconi is expected to hold a last cabinet meeting before going to the Quirinale Palace and handing his resignation to President Giorgio Napolitano. His resignation will trigger a series of events over the weekend and most likely conclude on Sunday night or Monday morning with the formation of a new Monti government made up largely of non-political technocrats.