Múltiples cursores en bucles anidados en MySQL

Debe definir un nuevo BLOQUE dentro de su primer bucle de cursor y usar diferentes Declaraciones en ese bloque.

Algo como:

BLOCK1: begin
    declare v_col1 int;                     
    declare no_more_rows boolean1 := FALSE;  
    declare cursor1 cursor for              
        select col1
        from   MyTable;
    declare continue handler for not found  
        set no_more_rows1 := TRUE;           
    open cursor1;
    LOOP1: loop
        fetch cursor1
        into  v_col1;
        if no_more_rows1 then
            close cursor1;
            leave LOOP1;
        end if;
        BLOCK2: begin
            declare v_col2 int;
            declare no_more_rows2 boolean := FALSE;
            declare cursor2 cursor for
                select col2
                from   MyOtherTable
                where  ref_id = v_col1;
           declare continue handler for not found
               set no_more_rows2 := TRUE;
            open cursor2;
            LOOP2: loop
                fetch cursor2
                into  v_col2;
                if no_more_rows then
                    close cursor2;
                    leave LOOP2;
                end if;
            end loop LOOP2;
        end BLOCK2;
    end loop LOOP1;
end BLOCK1;