The report in the British Financial Times daily goes on to qualify relations with Turkey as "vital" and writes, "Both sides would benefit from reviving accession talks."

FT also points out that there are still huge hurdles, however states that whether Turkey eventually joins the EU or not, it is completing a transformation "into a vibrant democracy, dynamic economy and admired regional power."

The article goes on to list three ways the EU still has a chance to reengage Turkey, a nation in which Islam and democracy cohabit, writes FT.

"There are three ways to re-engage Turkey. As talks resume, the EU should remove visa requirements for Turkish businessmen, start re-inviting Turkish leaders to summits, and involve Turkey's defense establishment in EU foreign and security policy," writes the FT article.