Breaking out of nested loops

Question

Is there an easier way to break out of nested loops than throwing an exception? (In Perl, you can give labels to each loop and at least continue an outer loop.)

for x in range(10):
    for y in range(10):
        print x*y
        if x*y > 50:
            "break both loops"

I.e., is there a nicer way than:

class BreakIt(Exception): pass

try:
    for x in range(10):
        for y in range(10):
            print x*y
            if x*y > 50:
                raise BreakIt
except BreakIt:
    pass

Answer 1

for x in xrange(10):
    for y in xrange(10):
        print x*y
        if x*y > 50:
            break
    else:
        continue  # only executed if the inner loop did NOT break
    break  # only executed if the inner loop DID break

The same works for deeper loops:

for x in xrange(10):
    for y in xrange(10):
        for z in xrange(10):
            print x,y,z
            if x*y*z == 30:
                break
        else:
            continue
        break
    else:
        continue
    break