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The capital of Spain since 1562, Madrid is located on the geographic center of the Iberian Peninsula. Because of its central location and high altitude, the climate of Madrid is characterized by warm dry summers and cool winters. Madrid is a city of great monuments. Among its highlights are the medieval center dating back to the Habsburg Empire and the Prado Museum. Madrid is not just a cultural destination. It is also a lively metropolis with many pubs, cafes, discotheques and nightclubs open late into the night.