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Madrid is the capital and largest city of Spain.It is the third-most populous municipality in the European Union after London and Berlin, and the fourth-most populous urban area in the European Union after Paris, London, and the Ruhr Area.
The city is located on the river Manzanares both in the centre of the country and Community of Madrid (which comprises the city of Madrid, its subsequent conurbation and extended suburbs and villages); this community is bordered by the autonomous communities of Castile and León and Castile-La Mancha. As the capital city of Spain, seat of government, and residence of the Spanish monarch, Madrid is also the political center of Spain. The current mayor is Alberto Ruiz-Gallardón from the center-right People's Party. He has been in office since 2003, when he left the Presidency of the Autonomous Community of Madrid and stood as the candidate to replace outgoing mayor José María Álvarez del Manzano, also from the PP. In the last local elections of 2007, Ruiz-Gallardón increased the PP majority in the City Council to 34 seats out of 57, taking 55.5% of the popular vote and winning in all but two districts.
Due to its economic output, standard of living, and market size, Madrid is considered the major financial center of the Iberian Peninsula; it hosts the head offices of the vast majority of the major Spanish companies, as well as the headquarters of three of the world's 100 largest companies (Telefónica, Repsol-YPF, Endesa).
While Madrid possesses a modern infrastructure, it has preserved the look and feel of many of its historic neighborhoods and streets. Its landmarks include the huge Royal Palace of Madrid; the Teatro Real (Royal theatre) with its restored 1850 Opera House; the Buen Retiro park, founded in 1631; the imposing 19th-century National Library building (founded in 1712) containing some of Spain's historical archives; an archaeological museum of international reputation; and three superb art museums: Prado Museum, which hosts one of the finest art collections in the world, the Museo Nacional Centro de Arte Reina Sofía, a museum of modern art, and the Thyssen-Bornemisza Museum, housed in the renovated Villahermosa Palace.
There are several theories regarding the origin of the name "Madrid". According to legend Madrid was founded by Ocno Bianor (son of King Tyrrhenius of Tuscany and Mantua) and was named "Metragirta" or "Mantua Carpetana". Others contend that the original name of the city was "Ursaria" ("land of bears" in Latin), due to the high number of these animals that were found in the adjacent forests, which, together with the strawberry tree ("madroño" in Spanish), have been the emblem of the city from the Middle Ages.
Nevertheless,it is now commonly believed that the origin of the current name of the city comes from the 2nd century B.C., the Roman Empire established a settlement on the banks of the Manzanares river. The name of this first village was "Matrice" (a reference to the river that crossed the settlement). Following the invasions of the Germanic Sueves, Vandals and Alans during the fifth century A.D., the Roman Empire could not defend its territories on the Iberian Peninsula, and were therefore overrun by the Visigoths. The barbarian tribes subsequently took control of "Matrice". In the 7th century the Islamic conquest of the Iberian Peninsula saw the name changed to "Mayrit", from the Arabic term "Mayra" (referencing water as a "trees" or "giver of life") and the Ibero-Roman suffix "it" that means "place". The modern "Madrid" evolved from the Mozarabic "Matrit", which is still in the Madrilenian gentilic.
Madrid is considered one of the top European destinations concerning art museums. Best known is the Golden Triangle of Art, located along the Paseo del Prado and comprising three museums. The most famous one is the Prado Museum, the most popular Golden Triangle of Art member known for such highlights as Diego Velázquez's Las Meninas and Francisco de Goya's La maja vestida and La maja desnuda. The other two museums are the Thyssen Bornemisza Museum, established from a mixed private collection, and the Reina Sofia Museum. This is where Pablo Picasso's Guernica hangs, returning to Spain from New York after more than two decades.
Madrid is notable for its nightlife and night clubs. On weekends, Madrilenian youth are famous for dancing all night long, stopping only to go home, take a shower, shave (or not), and go to work. What is also popular is the practice of meeting in parks or streets with friends and drinking alcohol together (this is called 'botellón', from 'botella', bottle), but in recent years, drinking in the street is punished with a fine and now young madrileños drink together all around the city instead of in more well known places. Many places host bands (concerts in Madrid). Nightlife and young cultural awakening flourished after the death of Franco, especially during the 80s while Madrid's mayor Enrique Tierno Galván was in office. This new movement was called la movida and it initially gathered around Plaza del Dos de Mayo (Malasaña area). Some of the most popular night destinations include the neighbourhoods of: Bilbao, Tribunal, Alonso Martinez or Moncloa, together with Puerta del Sol area (including Opera and Gran Via, both adjacent to the popular square) and Huertas (barrio de Las Letras), destinations which are also filled with tourists day and night. The gay district of Chueca has also become a hot spot in the Madrilenian night life, not only for gay people but also for straight people looking for fun in their crowded clubs and popular discos.
Madrid is served by Barajas International Airport. Barajas is the main hub of Iberia Airlines. It consequently serves as the main gateway to the Iberian peninsula from Europe, America and the rest of the world. Current passenger volumes range upwards of 52 million passengers per year, putting it in the top 10 busiest airports in the world. Given annual increases close to 10%, a new fourth terminal has been constructed. It has significantly reduced delays and doubled the capacity of the airport to more than 70 million passengers per year. Two additional runways have also been constructed, making Barajas a fully operational four-runway airport.
Spain's railway system, the Red Nacional de Ferrocarriles Españoles (Renfe) operates the vast majority of Spain's railways. In Madrid, the main rail terminals are Atocha in the south and Chamartín in the north.
The crown jewel of Spain's next decade of infrastructure construction is the Spanish high speed rail network, Alta Velocidad Española AVE. Currently, an ambitious plan includes the construction of a 7,000 kilometre (4,350 mi) network, centered on Madrid. The overall goal is to have all important provincial cities be no more than 4 hours away from Madrid, and no more than 6 hours away from Barcelona. As of 2008, AVE high-speed trains link Atocha station to Seville, Málaga and Toledo in the south and to Zaragoza, Lleida, Tarragona and Barcelona in the east. AVE trains also arrive to Valladolid and Segovia.
Serving a population of some four million, the Madrid Metro is one of the most extensive and fastest-growing metro networks in the world. With the addition of a loop serving suburbs to Madrid's south-west "Metrosur", it is now the second largest metro system in Western Europe, second only to London's Underground. In 2007 Madrid's metro system was expanded and it currently runs over 322 kilometers (200 miles) of line. The province of Madrid is also served by an extensive commuter rail network called Cercanías.
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