Why did countries in Europe not support the confederacy?

Europe didn't intervene in the American Civil War because of purely economic reasons and purely social reasons. Europe was home to some of the greatest US exports, and because of the US, they had created a very vibrant economy. But, European aristocrats saw slavery as the pin that held the US economy together; and in some regards, it was. Because of this, the European governments were economically bound not the help the North, because this would overturn slavery in US, and thus, US economy. But, Europeans had a strong distaste for using slaves, however hipocritical this may have been. And most European governments feared a rebellion if they were to fight for slavery in a foreign land. Thus, Europe was not permitted to help the South. Which only left the European governments with the option of sit and wait.