In the last few years with the accession of Croatia into the European Economic and Monetary Union, the topic has gained prominence in the media and public debate and discourse. As with any major or controversial topic, the Croatian public remains divided on the issue of the Croatian acceptance of the Euro. With the expected date of Croatian accession in 2023, the public debate has increased even more. As such it is necessary to properly research the topic, organize and present the data in an easily understandable manner to avoid any confusion or misunderstanding. The first monetary unions stem from the 19th century Europe, while the idea for the modern form of the European Economic and Monetary Union was largely created in the aftermath of the destruction of the World War II. As such the European Economic and Monetary Union while created in its modern form only relatively recently in the 1990s, stem their beginnings from the 1950s Europe still recovering from the Second World War. The case study analysis of benefits and risks for Croatia joining the European Economic and Monetary Union serves to show that the topic is highly complex with a variety of effects on the economy and its people. The data shows that despite several possible risks for the Croatian economy, there are more potential benefits which will also have a larger net effect compared to the possible risks. Additionally, the data shows that Croatia could mitigate some of the risks with positive policy changes and structural reforms.