Madrid is the capital and largest city of .
Madrid, Spain's elegantcapital, is beautifullylocated on theManzanares River. It is also the political, economic and cultural centre of Spain.Due to itseconomic output, highstandard of living, and market size, Madrid is considered the majorfinancial centreofSouthern Europeand theIberian Peninsula; it hosts the head offices of the vast majority of major Spanish companies, such asTelefónica,IberiaandRepsol. Madrid is considered the17th most livable city in the world andas one of the world's majorglobal cities.
