Madrid is the capital and largest city of Spain.
It is the third largest city of the European Union, after London and Berlin.
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.
As the capital, Madrid is a city of cultural and political importance.
It is also the third European economic centre, and its international airport at Barajas
is the largest in Spain.
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).
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