|Spain's fun-loving capital is Europe's fourth largest city and is comprised of many different districts, each with its own distinct personality. The city center is compact and easy to navigate on foot or to tour by metro. Most of the sights of interest are found in the downtown area between the Royal Palace and Parque del Retiro. The capital of Spain since 1562, Madrid sits in the geographic center of the Iberian Peninsula and has long been an important stop on any art tour through Europe. Arts and culture are a vital part of Madrid life. There are more than 70 museums and art galleries. The city also boasts great dining experiences featuring a wide variety of international and Spanish cuisine. Its pubs, bars, discos and flamenco clubs are open from dusk until dawn. Before you leave, make sure to head to the Plaza de Toros, Spain's largest bullring.