MCT = Minimum Connecting Time

2.00 means two hours.

You're 20 minutes short of that.

It's not impossible that you could make it, but I would say your chances are less than 50:50.

If you book an alternative flight now you will, hopefully, get it for a reasonable price.

If you book an alternative flight on the day (having missed your connection) it will almost definitely cost you a lot more because all the cheap seats will have gone.