Hello guys,
First of all many thanks to everyone for your help. It seems that the issue was the temperature after all. The probe does not show the correct temperature. There is actually a shift of about 20-25 degrees (actual temp is higher than the one indicated) and this is why I was experiencing so much oozing.
Until I get a replacement probe I can issue a M302 command and print with no problems.
I still need to do some tweaking but the biggest problem has been solved for now and I can enjoy some really awesome prints

After spending almost two weeks with my M2 and about one week with Creator of everyday printing I can safely say that this combination is probably the best for the price range.
The Creator really complements the M2 and provides a multitude of settings so that you can get the most out of your printer.
Well done guys and again thank you everyone.