Madrid is the largest and capital city of Spain. Sitting on the banks of the river Manzanares, and today is one of the largest cities in Europe and the major financial hub of the Iberian Peninsula, not too far from its history as the heart and soul of the cultural and political life of Spain for many centuries.
Madrid is a city that is currently undergoing a rapid change in its system, thanks to a massive renewal campaign waged by current mayor Alberto Ruiz-Gallardón. The city, known for its historic infrastructure and architecture is also equally known for its modernity. Due to the efforts of the government Madrid is now an efficient modern city. Modernization of transportation as well as the expansion of Madrid's suburbs has paved the way to more improvements in the city.
Famous landmarks include the Royal Palace of Madrid, the Royal Theater, the Buen Retiro Park and the National Library. The city is also home to an extensive art collection. The world-famous Prado museum makes its home in Madrid, as well as the Museo Nacional Centro de Arte Reina Sofía.
Madrid is also known for its spirit of fun, revelry and relaxation. Indeed the Spanish siesta finds perfection among Madrilenos, who, despite their exposure to the working ways of the modern world still find enough time to relax and unwind in any of the city's restaurants and bars. Madrid's youth know how to party and Madrid streets filled with late-night revelers who party until the break of dawn is never an unusual sight.