Matsis was a former (1993-1997) President of the center-right party Democratic Rally (DISY), but disagreed with the party's support for the Annan Plan and decided to fight the elections on a separate ticket. He was joined by deputies Rikkos Erotokritou and Prodromos Prodromou who had been expelled from DISY for opposing the party line on the Annan Plan.
The coalition received 36,112 votes (10.8%) and Matsis was elected as an MEP by a margin of just 37 votes.
The formation of EvroDi was announced on June 30, 2004. On December 13, 2004, the new party elected its leaders during its inaugural meeting. Prodromos Prodromou was elected as President of the Political Bureau, Rikos Erotokritou as vice-president and Christodoulos Taramountas as Assistant Vice President.