Gaspari was born in Ljubljana. He studied economics at the University of Ljubljana and has graduated in monetary economics from the University of Belgrade Faculty of Economics. He worked in the National Bank of Yugoslavia, where he became vice-governor in 1988. In September 1991, he became a senior advisor in the World Bank. Between 1992 and 2000, he served as Slovenian Minister of Economy in the governments of Janez Drnovšek. Although he was considered close to the ruling Liberal Democracy of Slovenia, he never joined the party.
In 2008, he was appointed Minister for Economic Development in the left wing government of Borut Pahor.
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